Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade. The issue facing the largest number of …
Florida condominium buildings that rent out 25 percent of their units will see no rate increase for now despite playing a key role in the state’s largest property insurer’s plan to reduce its policy count. Since last month, Gov. Rick …
Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls. Citizens Property Insurance Corp. currently has nearly 1.5 million policyholders, representing nearly …
Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp. board chairman Carlos Lacasa for its reasoning in providing that insurance, especially …
Florida’s largest homeowner insurer is offering a slate of coverage changes, but concedes that without legislative changes there will be little reduction in its exposure or policyholder count. Gov. Rick Scott last month ordered Citizens Property Insurance Corp. to find …
Florida’s largest property insurer wants to roll back coverage on high-value homes and lower its coverage limits on homeowners’ liability, as part of a broader plan to reduce its exposure in the state. Florida Governor Rick Scott last month ordered …
Florida residents living in high-value condominium buildings insured by the state’s government-run homeowners’ insurer could see their rates increase by 19 percent on average. Citizens Property Insurance Corp., the state’s largest homeowners market with 1.5 million homeowners, is permitted by …
Florida’s largest property insurer wants sweeping changes — including the ability to charge higher rates — in the coming year. It may be a hard sell during a contentious election year, but the board that governs Citizens Property Insurance voted …
Florida homeowners who insure their homes through the state-run property insurer, Citizens, will have less coverage available next year. Citizens Property Insurance Corp., in a message to agents, said it will no longer provide coverage for most structures beyond the …
Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the Citizens’ board by a Cabinet …
