State-backed Citizens Property Insurance Corp. has won approval to raise rates by an average of 5.4 percent for homeowner coverage that includes hurricane damage, except in high-risk coastal areas where premiums will be revised later. ...more

October 31, 2009

It looks as though the only major property insurer committed to stay in Florida is Florida's own Citizen's Property Insurance Corporation. Allstate bailed out; now State Farm. ...more

February 25, 2009

It looks as though the only major property insurer committed to stay in Florida is Florida's own Citizen's Property Insurance Corporation. Allstate bailed out; now State Farm. ...more

February 25, 2009

State Farm won't be the last property insurer to pull up stakes in Florida if insurance companies aren't allowed to charge their customers higher rates, industry experts said Tuesday. ...more

February 25, 2009

State Farm won't be the last property insurer to pull up stakes in Florida if insurance companies aren't allowed to charge their customers higher rates, industry experts said Tuesday. ...more

February 24, 2009

State Farm, Florida's largest private property insurer, said Tuesday that it is getting out of the property insurance business in Florida because its premiums aren't high enough to cover claims. ...more

January 28, 2009

State Farm, the second-largest property insurer in Florida, said today that it will stop providing property insurance statewide, a move that would affect more than 1 million policyholders. ...more

January 27, 2009

With residents already struggling to make ends meet during the recession, the last thing they need now are higher premiums on Citizens Property Insurance homeowner insurance policies, a state lawmaker believes. So state Sen. Mike Fasano, R-New Port Richey, announced this week he will introduce legislation in March to extend the rate freeze on Citizens rates for another year. Citizens is the state-sanctioned property insurer of last resort. ...more

January 17, 2009

The state insurance commissioner has again denied State Farm Florida's proposed 47 percent rate increase for property coverage against hurricanes and other perils. ...more

January 12, 2009

It's a terrible time to have to think about raising property insurance rates, but a task force set up to make Citizens Property Insurance Corp. the homeowners' insurer of last resort as it was originally intended to be has little recourse. ...more

January 12, 2009