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More than 300,000 Citizens Insurance customers are getting letters notifying them they’re being “depopulated” from the state-owned company. Here’s what to know if you get on… ...
Private insurers pulled more than 275,000 policies last year from the state’s Citizens Property Insurance Corp. and have taken nearly 115,000 this year, with Citizens President and CEO Tim Cerio ...
Citizens historic rate hike: Citizens Insurance gets OK for historic 12.3% rate hike for personal lines What is depopulation? The Citizens Depopulation Program is a requirement of Florida law that ...
The Citizens board met after insurance regulators this month approved rate increases for Citizens customers. In part, rates will increase an average 11.5% for homeowners with the most-common type ...
Steve Rogosin, a Plantation-based insurance agent, said 55 of his clients have received depopulation letters and of those, only half are currently eligible to remain with Citizens.
Phillip Wardell, CEO of Access Insurance Underwriter, says the letter has been sent out to 300,000 customers, his company alone is already reaching out to hundreds of clients who have to make the ...
It's part of Citizens Property Insurance Corporation's depopulation program. The company is run by the state of Florida."We were really excited to be able to have the dream of buying a house, ...
As Citizens Insurance goes under "depopulation," the push is creating challenges for some homeowners. By Alina Machado • Published March 22, 2024 • Updated on March 22, 2024 at 7:59 pm BOOKMARKER ...
A potential downside for Citizens customers, however, is that they can see rate increases if their policies are assumed by private insurers. Trying to spur depopulation, lawmakers in 2022 approved ...
Citizens has also been actively working through its "depopulation program," a way of moving policyholders onto private insurers. At its peak, Citizens held a massive 1.412 million policies in ...
As Farmers Insurance gets ready to leave the state and AAA announces plans not to renew some Florida home insurance policies, tens of thousands of Citizens policyholders may now lose their ...
Tens of thousands of customers of state-owned Citizens Property Insurance Corp. are getting a stunning surprise in their mailboxes. It’s a letter from Citizens’ “Depopulation Unit” stating ...
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