Browsing: Citizens Property Insurance

Citizens Property Insurance Corp. plans to move its Jacksonville office from downtown to the Southside, impacting about 1,000 employees despite city efforts to keep the company downtown.

A new proposed bill in Florida could leave thousands of condo residents without state-backed insurance if their associations fail to complete mandatory structural integrity reserve studies (SIRS).

A new property insurance provider, Mangrove Property Insurance Co., has been approved to begin writing home insurance policies in Florida, offering more choices for consumers.

Governor Ron DeSantis announced significant progress in stabilizing insurance rates, expanding consumer protections, and fostering a competitive environment in Florida, including rate decreases in Miami-Dade County and statewide auto insurance reductions.

Citizens Property Insurance Corp., the state-backed insurer of last resort, has seen its policy count fall, driven by a depopulation program and improvements in the private insurance market.

A bill proposing universal windstorm coverage through Florida’s Citizens Property Insurance Corp. has been withdrawn, with a potential feasibility study under consideration.

The Third District Court of Appeal in Florida sided with a homeowner, Mayra Avila, in a property damage dispute against Citizens Property Insurance, setting a precedent for fair treatment of policyholder claims.

Governor Ron DeSantis is touting a stabilization of Florida’s property insurance market, citing a decrease in Citizens Property Insurance rates and other positive developments. However, some industry observers and consumer advocates express caution.

A Florida Republican senator has proposed a change that could allow more homeowners in Miami-Dade and Monroe counties to obtain coverage from Citizens Property Insurance Corp.

Homeowners in South Florida are expecting some relief in property insurance premiums, although the decreases are small compared to recent increases.