state run property insurer News

Citizens Property Insurance Plans Claims System Upgrade in 2018

Improving customer service and easing call volume are two reasons Florida’s state run property insurer plans to upgrade its claims technology in 2018. During Citizens Property Insurance Board of Governors Meeting held last week, members of its C-suite provided details …

Florida’s Citizens to Raise Rates

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 …

Louisiana Last Resort Insurer Weighing Options to Close Budget Gap

Louisiana’s state-run property insurer of last resort is considering ways to close its multimillion-dollar budget gap, and either option would lead to increased costs to homeowners covered by traditional insurance companies. Steve Cottrell, chief financial officer for the Louisiana Citizens …