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Florida Homeowners Insurance News

Florida okays double-digit rate increases for Allstate homeowners insurance units

By Jeff Harrington, Times Staff Writer Friday, September 3, 2010 State insurance regulators on Friday approved double-digit rate increases for homeowners covered by Allstate's Florida subsidiary, the Castle Key Group. The Florida Office of Insurance Regulation approved an average increase of 18.7 percent for Castle Key Insurance policyholders and an average increase of 17.8 percent for Castle ...

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Florida Plans Hearing on Citizens' Rate Increases

Florida's Office of Insurance Regulation will hold a hearing on proposed rate increases for several lines of insurance from Citizens Property Insurance Corp. at 1 p.m. on Sept. 7, 2010, in ...

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Citizens Property Insurance argues for higher rates

By Jeff Harrington, Times Staff Writer Tuesday, September 7, 2010 Citizens Property Insurance made its pitch at a public hearing in Tallahassee on Tuesday to raise homeowners rates an average of 6 percent to 11 percent, depending on the line of business. The state-run carrier, the largest property insurer in Florida with about 1.2 million policies, writes policies for those who cannot find ...

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Sinkholes drive Citizens' request for insurance rate hike

Florida property insurers, including Citizens, are being swamped by a different kind of catastrophe: sinkholes.

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PMI Says Default Notices Declined, California, Florida Markets Less Risky

PMI Group Inc. , the mortgage insurer that posted 12 straight quarterly losses, said the risk of claims has declined in the California and Florida markets.

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