Florida’s home insurer of last resort is in serious trouble. Will ...
Oct 11, 2024 · An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance...
News - Public - Citizens Property Insurance Corporation
News. The News section offers the latest information about Citizens and what you need to know. Read the latest press releases, media resources, policyholder newsletter and agent bulletins.
Florida residents "stuck" as state's largest insurer cuts policies
Oct 28, 2024 · Citizens, created by the Florida Legislature in 2002, provides insurance to eligible Florida property owners who cannot find insurance coverage in the private market.
Citizens Insurance under investigation. Here's what to know
Dec 4, 2023 · The U.S. Senate Budget Committee has launched an investigation into Citizens Property Insurance, citing concerns that Florida’s insurer of last resort would not have the funds to cover losses...
Citizens insurance: Why half of 2023 claims closed without payment
5 days ago · A report from Weiss Ratings, a Palm Beach Gardens ratings agency, found that the state-backed insurer of last resort closed homeowner claims without a payment 50.4% of the time in 2023.
Changes to Citizens Property Insurance under new Florida law
Jul 4, 2024 · Among the new laws that went into effect July 1, includes a bill that will make changes to Citizens Property Insurance, also known as Florida’s insurer of last resort. Surplus line carries enter Florida’s insurance market
Citizens property insurance dropping more Florida policyholders
Mar 15, 2024 · Florida's most used home insurance company Citizens announced it will begin shedding plans next week. Although more Floridians use Citizens than any other insurance provider at 1.171...
Senate committee investigating Florida’s state-backed home insurance …
Nov 30, 2023 · The US Senate Budget Committee is launching a new investigation into whether Citizens Property Insurance Corporation, Florida’s state-backed home and property insurance company of last resort...
Here's what to know if you're being 'depopulated' from Citizens
Sep 24, 2023 · More than 300,000 Citizens policyholders are getting letters stating that their policies have been selected for removal in October by one or more of five private-market companies.
Florida Citizens’ insurance claim closures need closer look - Yahoo News
Nov 22, 2024 · Property insurance, which has to be one of the sorest subjects in Florida, is back in the news and, as always, it seems, not in a good way. The “property insurer of last resort” in Florida — known as Citizens Property Insurance — is receiving new scrutiny after an analysis by a Palm Beach Gardens-based ratings agency found that Citizens had a lower rate of payouts last year than any ...