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The Florida OIR established a reinsurance fund through its last-resort insurer, Citizens. This means that if an insurance company’s financial strength rating is downgraded below the ‘A ...
SB 348: Insurance Rebate Program for Low-Income Seniors Sponsor: Sen. Lauren Book, D-Davie The leader of the Senate Democrats is also pitching a program to help low-income seniors afford their ...
Citizens Property Insurance Corp. was established in 2002 to provide coverage to homeowners who are unable to find affordable insurance in the private market. However, the so-called "insurer of ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
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 ...
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 ...
Here’s the list: Edison Insurance for 10,000 policies. TypTap Insurance for 25,000 policies. Florida Peninsula for 15,000 policies. SafePoint Insurance for 16,000 policies. Slide Insurance for ...
According to the Insurance Information Institute, only 9% of the nation's home insurance claims come from Florida. But 79% of the nation's homeowners' insurance lawsuits come from the state.
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