An 82-year-old woman from the Tampa Bay area trying to survive on a meager social security check is among customers of Citizens Property Insurance Corp. suing the insurer for the way it calculates replacement values. Ruth Lauro said Tuesday that …
Legislation designed to help state-backed Citizens Property Insurance Co. spin off customers to reduce its hurricane risk cleared the Florida House after a heated debate Friday. The bill (HB 245) would let surplus lines companies, which have unregulated rates, take …
Attorneys have begun seizing over $100 million they won for homeowners who claimed Louisiana Citizens Property Insurance Corp. dragged its heels in adjusting hurricane claims in 2005. Attorney Fred Herman said Monday that the money includes a $92.8 million judgment …
The Louisiana Supreme Court says it won’t reconsider a $92.7 million judgment against Louisiana’s state-backed insurer of last resort for handling claims too slowly after Hurricanes Katrina and Rita in 2005. Louisiana Citizens Property Insurance Corp. will ask the U.S. …
Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana Citizens Property Insurance Corp., the wait to go private …
Louisiana Insurance Commissioner Jim Donelon says he will ask the state’s highest court to reconsider its reinstatement of a $92.8 million judgment against Citizens Property Insurance Corp. for its slow adjustment of policyholder claims after hurricanes Katrina and Rita in …
Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade. The issue facing the largest number of …
Citizens Property Insurance Corp. plans to eliminate homeowners coverage on roughly 7,500 coastal homes valued at $2 million or more and reduce the amount of homeowner liability coverage in a measure designed to reduce the size of the state-backed insurer …
Florida’s largest property insurer wants sweeping changes – including the ability to charge higher rates – in the coming year. It may be a hard sell during a contentious election year, but the board that governs Citizens Property Insurance voted …
Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the Citizens’ board by a Cabinet …