Florida homeowners who insure their property through a state-created insurance company will see an average 6.6 percent increase in their multi-peril coverage next year, regulators announced Wednesday. But thanks to Hurricane Irma, the increase will be pushed back three months …
Florida’s largest property insurer may be dropping its rates next year. Citizens Property Insurance is considering rate proposals for 2015 that would lower rates by about 3.2 percent for most homeowners. The state-created insurer says the proposal would apply to …
Florida Chief Financial Officer Jeff Atwater is still unsatisfied about property insurance rates and wants more information about why rates aren’t dropping in the Sunshine State. This is the second time this year that Atwater has demanded answers from state …
The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …
The Madisonville-area fire department has been given an improved rating, which will mean a reduction in fire insurance rates for property owners in the Louisiana district. Effective Sept. 9, the rating for the 2nd Fire Protection District will move from …
The rating for Louisiana’s Chackbay Volunteer Fire Department is in danger of being lowered but the chief says adjustments will be made to head off an increase in insurance costs for property owners. The Courier reports that during the department’s …