Citizen’s News

Florida Watches for AOB Abuse as Irma Recovery Begins

As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse. Florida regulators, carriers, industry trade groups …

Fitch: Most Florida Specialty Insurers Remain Untested By Hurricanes

The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from Fitch Ratings. The last hurricane to make landfall in …

Florida’s Citizens Seeks Big Premium Hike on Sinkholes

Florida’s largest insurer of homes and businesses, state-backed Citizens Property Insurance Corp., will ask its board to approve a staggering rate increase for providing coverage on sinkhole policies, a company spokeswoman said Monday. The company will ask its board Wednesday …