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Brian Murphy, co-owner of a Brightway Insurance agency in Palm Beach Gardens, said one of his clients who’s currently paying $4,400 for his Citizens policy received a letter estimating the new ...
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 ...
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 ...
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 ...
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 ...
In 2019, Citizens Insurance, the state-created and taxpayer-backed insurance company of last resort, ordered 2,200 home inspections. By the end of 2023, the company estimates that it will have ...
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 ...