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[4] [8] Through 2006, Citizens Insurance charged its customers the highest rate approved by the Florida Office of Insurance Regulation to avoid competing with private carriers. Insurance agents were prohibited from writing policies through Citizens if there was a private (not surplus lines) carrier that would write the risk.
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance.
Tens of thousands of customers of state-owned Citizens Property Insurance Corp. are getting a stunning surprise in their mailboxes. It’s a letter from Citizens’ “Depopulation Unit” stating ...
How policyholders may be affected by the move.
In 2019, insurers declined to renew 235,000 home insurance policies in California statewide in a 31% increase in the statewide non-renewal rate from the previous year, with non-renewal rates in ZIP Codes with moderate to high wildfire risk increasing by 61% and in the top 10 counties for wildfire risk by 203%. [190]
A survey conducted in October 2018 by the Los Angeles Times and the University of Southern California found that 28% of eligible California voters believed that the lack of rent control was the main contributing factor to California's housing affordability crisis. 24% of respondents believed that the most significant cause of the housing crisis ...
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related to: citizens one time payments to condo insurance californiaaffordable-home-insurance.org has been visited by 10K+ users in the past month