Insurance Rate Increases

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Last week, Sean Shaw wrote about the public meeting Citizens held to discuss the issue of lessening its exposure. Unfortunately, many speakers – most of which were representatives of private insurance companies – opined that there is only one solution: raising premiums. While the decision has not yet been made, it seems clear that Citizens will do everything it can to raise rates, especially in the riskier areas of the state.…

Continue Reading The Battle Over Citizens Property Insurance Rate Increases Wages On

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 different.…

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

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 be proud!…

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

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 make sense and are dangerous to our state’s economy.…

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

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

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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 that rate increase at 10%. Without this law, the rate would probably go up over 30% on a statewide basis.…

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