Browsing: Citizens Property Insurance Corp.

Florida insurer Mangrove Property Insurance has taken over 30,000 policies from Citizens Property Insurance Corp., continuing the state’s efforts to depopulate its insurer of last resort.

Mangrove Property Insurance assumes 30,000 policies from Florida’s Citizens Property Insurance Corp., continuing the state’s depopulation efforts

Legislators in Florida are addressing the state’s property insurance crisis, focusing on past reforms and holding insurance companies accountable.

A proposed bill in Florida aims to restrict Citizens Property Insurance Corp. from insuring or renewing policies for condominiums that don’t pass inspections.

Florida regulators have approved proposals for private insurers to take over more than 300,000 policies from Citizens Property Insurance Corp. in December.

Florida Governor Ron DeSantis announced that many Citizens Property Insurance Corp. customers in South Florida will see rate decreases this year.

A new legislative proposal could deny state-backed insurance to condominium associations that fail to meet building safety standards, sparking debate over affordability and resident displacement.