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Citizens Property Insurance Corporation Citizens is often one of the only options for homeowners in many areas of the state. The company has experienced rapid growth due to other carriers leaving ...
In Florida, Citizens Property Insurance has seen the number of policies it has issued rise about 50% in the last year alone to 1.3 million — equal to 16% of the market and far more than any ...
As inflation drives up construction costs and property values, Citizens Property Insurance Corp. has started canceling the policies of some homeowners across Florida because the estimated price of ...
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 ...
April 16, 2024 at 11:36 AM. In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial ...
The state’s population has continued to rise in recent years, even as frequent and more devastating hurricanes cause billions in property damages: insurers’ underwriting losses cost them $1.8 ...
In July 2021, research published in Environmental Research Letters estimated that county-level temperature increases from 1991 to 2017 accounted for 19% of crop insurance losses (amounting to $27 billion) on policies subsidized by the Federal Crop Insurance Corporation and approximately half of the losses in 2012 (the costliest year surveyed).
These lawmakers from South Florida are proposing increasing the cap on the value of homes that state-run Citizens Property Insurance can cover in Monroe and Miami-Dade counties. The corporation ...