Insured thunderstorm losses are much higher than they have ever been, and there is no sign that they will return to lower levels any time soon. Moreover, the current state of the insurance industry—from the focus on heavy marketing to …
A potential class action lawsuit filed against the state-backed Citizens Property Insurance Corp. alleges the company purposefully deprived customers of windstorm mitigation discounts through an arbitrary re-inspection program that lawyers estimate has cost customers nearly $200 million in lost credits. …
Executives from the state-backed Citizens Property Insurance Corp. announced Friday they are making changes with a goal of ensuring homeowners receive storm mitigation credits for qualified homes. Board Chairman Carlos LaCasa said the new measures are designed to provide some …