Tag Archives: Insurance Rate Increases

Fill in the Blank

You cannot make this stuff up. Anyone who reads this blog knows how frustrated I get with the insurance industry’s constant complaints that “[Fill in the Blank] is responsible for rising premiums.” The [Fill in the Blank] is always something different depending on what year it is—sinkholes, water claims, fraud, trial lawyers, hurricanes, reinsurance, political … Continue Reading

Citizens Property Insurance Corporation Fails Floridians

Citizens Property Insurance Company should devote more time and resources to education, training, and properly and promptly handling property insurance damage claims instead of hiring teams of lawyers “experts”. Citizens wants to avoid paying for covered damages in the homeowners policies by any means necessary. In related news, for three years, Citizens has been depopulating. … Continue Reading

Reduced Coverage and High Premiums for Floridians…Again

It is unclear why the Office of Insurance Regulation has approved a rate hike for Florida homeowners insured with Citizens Property Insurance Corporation. But it is clear that the policy coverage that was once offered by Florida’s insurance company was been eroded. Coverages in each policy issued by Citizens has been lessened in almost every … Continue Reading

Raise Your Home or They’ll Raise Your Rates

Many people who are dealing with the mess left by Hurricane Sandy are facing a harsh new reality. Either spend tens of thousands of dollars to raise your home or spend thousands more per year for flood insurance. New FEMA rate maps have been released that will change the flood insurance for many.… Continue Reading

Is Citizens Board of Directors Violating Florida Law?

Are the Board of Directors at Citizens Property Insurance Corporation above Florida Law? Should the Attorney General investigate what is going on with Citizens? Where is Florida’s Insurance Consumer Advocate, and why isn’t she speaking up on issues regarding Citizens’ reduction of coverage and rate hikes? What happened to our Insurance Commissioner? Why hasn’t his … Continue Reading

Florida Dodges Bullet as Citizens Tries to Circumvent the Process to Raise Rates

If you’ve been paying attention to the news cycle the past few days, you’ve probably heard a familiar story – Citizens Property Insurance Corporation, your state-run insurer of last resort, is trying to raise rates on Florida policyholders. Given Citizens’ record the past few years, this revelation is by itself hardly newsworthy. This time was … Continue Reading

With Florida Sinkhole Rate Hikes Looming, Policyholders Stand Up in Number

I wanted to take a moment to thank all who participated in the movement against Citizens’ proposed rate hikes.  All of your hard work advocating on behalf of policyholders across the state truly made a difference. Thanks to you, Floridians were saved from one of the largest insurance rate hikes this state has ever seen. You should … Continue Reading

Florida’s New Insurance Consumer Advocate Weighs In on Sinkhole Rates

Florida’s new Insurance Consumer Advocate, Robin Smith Westcott, emailed a press release to the media highlighting her attendance at our Policyholders of Florida rally in Tampa, where we protested Citizens’ massive proposed sinkhole coverage rate hikes. After this rally, when Westcott heard firsthand from policyholders, she accepted our argument that 2000% rate hikes just don’t … Continue Reading

Brad Ashwell States the Case to Veto the State Farm Bailout Bill

The Consumer Advocate for the Florida Public Interest Research Group,  Brad Ashwell, wrote a letter published in the Gainesville Sun calling on consumers to urge Governor Crist to veto the State Farm bailout legislation. He clearly explained how the bill will harm Floridians: "The problem is that this bill would remove consumer protections by no longer … Continue Reading

Headlines And Reality

The Citizens Mission Review Task Force made a significant recommendation at its meeting on Tuesday. Prior testimony was that the average Florida rate hike, which would be approved by the Office of Insurance Regulation, would almost certainly be higher than 30%. We recommended to the Florida Legislature that they to pass a statute to cap … Continue Reading