Legislation introduced this year by Republican Senator Jack Latvala and passed into law today, gives insurers in Florida the ability to offer a new type of personal lines residential sinkhole insurance coverage. The bill, SB 1274, outlines how insurers can …
Florida’s largest property insurer went before state regulators Tuesday in an effort to win approval of another round of rate hikes. Citizens Property Insurance Corp., which covers many homeowners who live in the state’s more vulnerable coastal regions, is asking …
Florida’s largest property insurer is considering rate hikes for next year. The board of Citizens Property Insurance Corp. will vote next week on a range of proposed hikes. The state-created insurer has 1.26 million policyholders. State law requires Citizens to …
Florida’s state-backed property insurer and state regulators have cleared the path for the insurer to begin issuing a new HO-8 policy by limiting it to low-value older homes, addressing concerns that the policies’ low rates could lead to a potential …
Florida’s largest insurer of homes and businesses has agreed to lower a proposed rate hike for sinkhole coverage that would take effect next year. But some critics said the move didn’t go far enough and they still want state legislators …