/tags/citizens-insurance Citizens Insurance en-US WLRN Wed, 25 Sep 2024 13:27:26 GMT /environment/2024-09-25/why-home-insurance-rates-are-rising-so-fast-across-the-u-s-climate-change-plays-a-big-role Nationwide, property insurance premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. Why is this happening? One common thread: Climate change is fueling more severe weather, and insurers are responding to rising damage claims. Wed, 25 Sep 2024 13:27:26 GMT /environment/2024-09-25/why-home-insurance-rates-are-rising-so-fast-across-the-u-s-climate-change-plays-a-big-role Andrew J. Hoffmann | The Conversation /business/2024-08-14/insurance-home-property-premium-citizens Citizens Property Insurance policies continue to be significantly underpriced compared to private carriers, the company told state regulators. The insurer of last resort in Florida isn't meant to be competitive. But if it were, its average premium for regular homeowner's insurance would have to almost double. Wed, 14 Aug 2024 10:00:00 GMT /business/2024-08-14/insurance-home-property-premium-citizens Tom Hudson /government-politics/2024-07-03/changes-to-citizens-property-insurance-under-new-florida-law-will-help-with-depopulation-efforts State leaders have been working to lower the number of policies at Citizens through the depopulation process because of the financial risk if Florida gets hit by a major hurricane. Wed, 03 Jul 2024 13:07:32 GMT /government-politics/2024-07-03/changes-to-citizens-property-insurance-under-new-florida-law-will-help-with-depopulation-efforts Talia Blake /business/2024-06-20/citizens-insurance-says-market-is-improving-but-seeks-14-rate-hike-in-2025 While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025. Thu, 20 Jun 2024 15:30:00 GMT /business/2024-06-20/citizens-insurance-says-market-is-improving-but-seeks-14-rate-hike-in-2025 /business/2024-05-15/citizens-insurance-backup-coverage With the 2024 hurricane season starting June 1, the state's Citizens Property Insurance Corp. Board of Governors has approved spending as much as $750 million on backup coverage to help pay claims if a big storm hits. Wed, 15 May 2024 13:49:23 GMT /business/2024-05-15/citizens-insurance-backup-coverage Jim Saunders - News Service of Florida /government-politics/2024-01-17/lawmakers-looks-at-increasing-citizens-insurance-coverage-cap Pointing to increased home values and difficulties finding property insurance, a Florida Senate committee Tuesday approved a bill that would allow residents with homes valued at more than $700,000 to get coverage from the state’s Citizens Property Insurance Corp. Wed, 17 Jan 2024 15:20:01 GMT /government-politics/2024-01-17/lawmakers-looks-at-increasing-citizens-insurance-coverage-cap Jim Saunders | News Service of Florida /wlrn-investigations/2023-11-14/citizens-property-insurance-unlicensed-inspectors-florida-homeowners Florida taxpayer-owned Citizens Insurance is using unlicensed inspectors in a little-known program that is ramping up inspections, ¸Û°ÄÌìϲÊfound. Homeowners and industry insiders say the move is alarming. Tue, 14 Nov 2023 11:00:00 GMT /wlrn-investigations/2023-11-14/citizens-property-insurance-unlicensed-inspectors-florida-homeowners Daniel Rivero /government-politics/2023-10-11/florida-lawmakers-property-insurance A key senator said he does not expect lawmakers to make major property-insurance changes during the 2024 legislative session, as they continue to watch the results of an overhaul passed last year. Wed, 11 Oct 2023 14:19:18 GMT /government-politics/2023-10-11/florida-lawmakers-property-insurance Jim Saunders | News Service of Florida /florida-news/2023-08-21/citizens-ordered-to-rethink-and-revamp-their-proposed-rates Florida Insurance Commissioner is taking issue with parts of a Citizens proposal that would increase rates by 12% for homeowners with the most-common type of policies. Mon, 21 Aug 2023 20:30:00 GMT /florida-news/2023-08-21/citizens-ordered-to-rethink-and-revamp-their-proposed-rates Jim Saunders /florida-news/2023-08-02/state-regulators-allow-private-insurers-to-take-citizens-policies Florida leaders have long sought to shift policies from Citizens into the private market, in part because of financial risks if the state gets hit by a major hurricane or multiple hurricanes. Wed, 02 Aug 2023 19:30:00 GMT /florida-news/2023-08-02/state-regulators-allow-private-insurers-to-take-citizens-policies Jim Saunders