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  2. Citizens drops insurance policies as cost of Florida home ...

    www.aol.com/news/citizens-insurance-drops...

    Data from Citizens, the state-chartered property insurer of last resort for homeowners who can’t find coverage in Florida’s shaky home insurance market, show the company dropped 2,267 policies ...

  3. Can lawmakers save the collapsing Florida home insurance market?

    www.aol.com/finance/lawmakers-save-collapsing...

    Although the company requested a 10.7 percent increase on standard home insurance policies, the Florida OIR approved a 6.4 percent increase. While 6.4 percent is certainly better than 10.7 percent ...

  4. Is Florida Finally Fixing Its Broken Homeowners Insurance Market?

    www.aol.com/news/florida-finally-fixing-broken...

    Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...

  5. Progressive stops renewing some home policies in Florida as ...

    www.aol.com/news/progressive-stops-renewing-home...

    TALLAHASSEE — Progressive Insurance is shedding roughly 56,000 policies covering Florida homes with roofs older than 15 years, putting the squeeze on homeowners who already find it difficult ...

  6. Citizens Property Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Citizens_Property...

    Lexington Insurance Company announced that they will discontinue home insurance, sending another 8,000 property owners to search for a new insurer. Lexington specialized in homes worth $1+ million and Citizens will only insure property values less than $700,000, so Citizens was not an option. [29]

  7. Farmers Insurance pulls out of Florida, affecting 100,000 ...

    www.aol.com/entertainment/farmers-insurance...

    TALLAHASSEE — Farmers Insurance Group announced Tuesday that it would no longer write new policies or renew existing homeowner, auto and umbrella policies, a day after Florida Chief Financial ...