The Florida House has rejected a proposal that could shift homeowners away from the state-backed Citizens Property Insurance and into private surplus lines insurers. The Florida Senate last week narrowly voted for a property insurance bill that would allow homeowners …
Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on Friday voted 22-16 for a property insurance bill …
One year after enacting reforms designed to reduce the amount of homeowners business in the state’s insurer, state lawmakers are now looking to further shrink Citizens Property Insurance Corp. by targeting its commercial lines business. Citizens Property Insurance currently one …
Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s current 1.27 million policyholders. By an overwhelming margin …
