Life and politics from the Sunshine State's best city

Tag archive

Citizens Insurance

Lawmaker ties insurance changes with lower rates

in Statewide/Top Headlines by

The chairwoman of the Senate Banking and Insurance Committee said Wednesday that customers of Citizens Property Insurance should receive rate reductions as the state-backed insurer takes steps to curb claims for water-damage repairs. Miami Republican Sen. Anitere Flores said during a hearing on proposed Citizens rate increases that South Florida policyholders are frustrated and have “lost trust” in the insurer.

Keep Reading

House assignment of benefits reforms move closer to final vote

in Statewide by

The House cleared its version of assignment of benefits reform for a final vote Tuesday, defeating an amendment that would have frozen property insurance rates and required a premiums rollback next summer. PCS/HB 1421 would tighten requirements for contractors to report claims to insurance companies and establish a graduated scale for determining whether contractors holding these agreements qualify to recover litigation expenses from carriers. “What’s important is to make sure that we don’t reward bad lawyers who are trying to abuse…

Keep Reading

Insurer seeks 10 percent premium increase on home policies in Florida

in Statewide by

Heritage Property & Casualty Insurance Co. has requested premium increases averaging nearly 10 percent on most Florida policy renewals effective on Dec. 1. The new rates would cover the approximately 68,200 homes and condo policies Heritage acquired last year from Citizens Property Insurance Corp. Citizens, the state-run insurer of last resort in Florida, is pursuing a policy of “depopulation” — encouraging policyholders to shift to the private insurance market. Heritage acquired some 75 percent of its Florida policies from Citizens,…

Keep Reading

As hurricane season begins, asking tough questions of Citizens Insurance

in Statewide/Top Headlines by

Recent headlines heralded the fact that Citizens Insurance, the state-run company for those who can’t get coverage anywhere else, has a lot of cash. With the official opening of hurricane season at hand, company officials say Citizens has enough money in reserve to pay claims if even a catastrophic Category 5 storm hits a major metro area. That’s good, right? Maybe. Or, just maybe, in the ever-popular game of “let the free market decide” many former Citizens clients have been…

Keep Reading

Daily Kos weighs in on Dave Aronberg v. Dan Gelber

in Statewide by

Daily Kos weighs in: Dan Gelber is well positioned in his bid to become Florida Attorney General. A Federal Prosecutor who is strong on White Colllar Crime and Public Corruption, Gelber has served as the Minority House Leader and has proven to be one of the most ardent supporters of Education. After announcing his intention to run, Gelber swiftly racked up a number of endorsements from FL-Dems and posted impressive Fundraising. Gelber’s opponent, Dave Aronberg has been bogged down. Starting…

Keep Reading

Go to Top