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  2. 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.

  3. 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 ...

  4. Will Citizens Insurance raise rates in 2025? - AOL

    www.aol.com/citizens-insurance-raise-rates-2025...

    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.

  5. Citizens insurance: Why half of 2023 homeowner damage ... - AOL

    www.aol.com/citizens-insurance-why-half-2023...

    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.

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  7. State Farm - Wikipedia

    en.wikipedia.org/wiki/State_Farm

    State Farm said that, in Florida, it had paid out US$1.21 in claims for every dollar in premiums since 2000. Several other home insurers had also pulled out of Florida; many homeowners used the Citizens Property Insurance Corporation run by the state government. [52]

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