Insurance News

Posts Tagged ‘hike

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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TALLAHASSEE, Fla. (AP) — Florida insurance regulators are failing in their duties if they don’t make the state-backed Citizens Property Insurance Corp. raise property insurance rates by 10 percent across the board, a business group lobbyist said Tuesday.

Barney Bishop III, president of Associated Industries of Florida, said it’s ”astonishing” that the state-backed insurer would not increase rates on all policies by 10 percent.

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 »








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