Insurance News

Posts Tagged ‘Citizens

Citizens Property Insurance Corp. officials were questioned Tuesday about the insurer’s request for an average 8.4 percent statewide rate hike.

That includes an average increase of as much as 11.3 percent in parts of South Florida and a 9.3 percent statewide rate hike for policies that cover homes, condominium units, renters, mobile homes and vacation or rented property.

Some policyholders’ rates would decrease under the proposal. Regulators Read the rest of this entry »

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Louisiana?s top insurance regulator said Citizen?s Property Insurance Corp. will be able to post a $95 million bond so the state-backed carrier can appeal a crushing $92.8 million judgment.

Insurance Commissioner Jim Donelon said he was ?certain? it would not be necessary to assess Citizens? policyholders for the cash to appeal to the Louisiana State Supreme Court in a case involving Hurricane Katrina claims.

Mr. Donelon Read the rest of this entry »

(AP) — A task force looking to return Citizens Property Insurance Corp. to its original status as an insurer of last resort recommended Thursday that lawmakers increase homeowner rates by as much as 20 percent.
The task force met in Jacksonville to finalize its report due Jan. 31 to the House, Senate and governor.

”Our task is giving the Legislature options,” said former Senate President Locke Burt, a task-force member.

Citizens Read the rest of this entry »

(AP) — A task force looking to return Citizens Property Insurance Corp. to its original status as an insurer of last resort recommended Thursday that lawmakers increase homeowner rates by as much as 20 percent.
The task force met in Jacksonville to finalize its report due Jan. 31 to the House, Senate and governor.

”Our task is giving the Legislature options,” said former Senate President Locke Burt, a task-force member.

Citizens Read the rest of this entry »

(AP) — A task force looking to return Citizens Property Insurance Corp. to its original status as an insurer of last resort recommended Thursday that lawmakers increase homeowner rates by as much as 20 percent.
The task force met in Jacksonville to finalize its report due Jan. 31 to the House, Senate and governor.

”Our task is giving the Legislature options,” said former Senate President Locke Burt, a task-force member.

Citizens Read the rest of this entry »

(AP) — A task force looking to return Citizens Property Insurance Corp. to its original status as an insurer of last resort recommended Thursday that lawmakers increase homeowner rates by as much as 20 percent.
The task force met in Jacksonville to finalize its report due Jan. 31 to the House, Senate and governor.

”Our task is giving the Legislature options,” said former Senate President Locke Burt, a task-force member.

Citizens Read the rest of this entry »

(AP) — A task force looking to return Citizens Property Insurance Corp. to its original status as an insurer of last resort recommended Thursday that lawmakers increase homeowner rates by as much as 20 percent.
The task force met in Jacksonville to finalize its report due Jan. 31 to the House, Senate and governor.

”Our task is giving the Legislature options,” said former Senate President Locke Burt, a task-force member.

Citizens Read the rest of this entry »