Browsing: Citizens Property Insurance

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 has been withdrawn, with a potential feasibility study under consideration.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.

A Florida Senate Republican has introduced a bill to increase the dwelling replacement cost limit for Citizens Property Insurance Corp. policies in Miami-Dade and Monroe counties.