Live Insurance News

Homeowners insurance from Citizens to be lost by many property owners

November 7, 2013November 4, 2013 H. Cutner

Florida homeowners insurance, Citizens Property

By January, there will be tens of thousands of consumers who will no longer be covered by the state-backed company. January is coming ever closer, and by that time the homeowners insurance from Citizens that is currently covering a large proportion of the property owners in the Florida will be shrinking by tens of thousands of policies. By that point, policyholders will no longer have the choice as to whether or not they remain with Citizens. This should not come as a complete surprise to many of the people in…

Health insurance information unclear in Florida

September 16, 2013September 14, 2013 S.Vagus

Florida health insurance rates are hard to understand Florida residents may have to wait some time before they can get clear information concerning the rates of health insurance plans that will be sold through the state’s exchange system. The exchange is scheduled to begin open enrollment on October 1, but information concerning the costs that consumers will face through the exchange has been difficult to decipher. Analysts from the Kaiser Family Foundation states this week that the state has yet to provide information that can be clearly understood, which could…

Florida homeowners insurance exchange seeks providers

August 30, 2013August 27, 2013 Nordstrom

Homeowners insurance exchange picks up momentum in Florida Florida’s Citizens Property Insurance has been experiencing major renovations in recent years. The state-run organization accounts for the majority of homeowners insurance policies in Florida, but has been strapped with serious financial issues that have left it somewhat crippled. Florida lawmakers have been forcing change upon the organization in an effort to mitigate its financial risk. In some cases, this had led to higher homeowners insurance rates, but Citizens Property Insurance may soon offer affordable coverage for consumers through its new exchange.…

Homeowners insurance claims from sinkholes rising in Florida

August 19, 2013August 17, 2013 G. Turner

The increase in this type of damage is starting to make a mark on several of the state’s industries. Although sinkholes have always been around, there has been a sudden increase in the number of homeowners insurance claims relating to their damage throughout Florida, causing engineers, scientists, real estate developers, and other experts at a difficult conflict. Many believe that it is the activity of humans that is causing this spike in sink holes. There are some geological experts that have stated that they feel that there is a growing…

Homeowners insurance rates continue to grow in Florida

May 30, 2013May 28, 2013 Logan B.

Homeowners insurance rates growing in Florida despite lack of hurricanes Florida is notorious in the U.S. as being the target for hurricanes. The state is often considered one of the most active natural disaster zones, specifically in regards to hurricanes, in the country. This has made the state relatively unattractive to the homeowners insurance sector. Because the state as a whole is considered a high-risk market, homeowners insurance companies have been wary of doing businesses in many parts of the state, particularly those close to coastal regions. Florida has, however,…

Homeowners insurance policyholders at Citizens may have savings option

May 21, 2013May 25, 2013 H. Cutner

Many property owners are unaware of some of the cheaper coverage opportunities that are available. Citizens homeowners insurance policyholders in Florida may have additional savings options available to them of which they have been completely unaware, but that is starting to gain more media attention. As raises in rates have been making headlines from this insurer of last resort, many have missed potential savings. There are less expensive forms of coverage at Citizens homeowners insurance, which are available amid an environment in which the rates are rising at a staggering…

Health insurance enrollment in Florida is about to take off

May 14, 2013May 25, 2013 H. Cutner

The state is preparing for a sudden influx of registrations for the coverage ahead of the start of next year. Florida is getting ready for a massive amount of registration within the state for health insurance that is required by the Affordable Care Act, and the federal government is planning to help to handle this challenge by hiring hundreds of “navigators” over the next few months in order to assist consumers. It is expected that up to 3.5 million uninsured residents of Florida will purchase coverage by January. It is…