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The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
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 ...
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 Corp.
In the first meetings of officials from the state’s largest insurer' since back-to-back hurricanes raked Florida, Citizens Property Insurance Corp. acknowledged data showing half of last year ...
TAMPA, Fla. (WFLA) — Florida homeowners are still grappling with high property insurance rates. There’s now more concern that Citizens could implement a 14 percent rate hike on renewals next year.
The change requires homeowners to accept private insurers’ offers of coverage if they’re within 20% of the cost of Citizens premiums. Florida officials want to move Citizens policies into the ...
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