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Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
Data from Citizens, the state-chartered property insurer of last resort for homeowners who can’t find coverage in Florida’s shaky home insurance market, show the company dropped 2,267 policies ...
April 22, 2024 at 5:00 AM. In 2022, the Florida home insurance market spent months tumbling toward collapse, but legislation was put in place to help mitigate disaster. These laws aim to make ...
With the state-backed Citizens Property Insurance Corp. continuing to see massive growth, regulators late last week took up a proposal that would lead to double-digit rate increases for Citizens ...
Kellie Cowan. May 23, 2024 at 8:34 AM. TAMPA, Fla. - Homeowners in Florida may finally catch a break in their insurance premiums this year. After years of dramatic rate increases, 10 insurers have ...
Citizens — Florida’s biggest home insurer — last week sent a proposal to the state Office of Insurance Regulation that would lead to an average 11.5% increase for homeowners with the most ...
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