TALLAHASSEE, Fla. — Amid long-running efforts to shift customers into the private market, the number of homeowners insured by the state’s Citizens Property Insurance Corp. plunged last week.Citizens posted data online Monday showing that as of Friday, it had 1,035,534 policies, down from...
Interest rates and the high price of housing used to be the leading issues impacting home ownership in California. But realtors say the focus is now shifting to homeowners’ insurance as well.Â
The numbers released by the California Realtors Association show a concerning trend....
Not only are insurers raising premiums and imposing stricter underwriting standards, but lenders also are becoming more strict, all of which pumps up the costs for borrowers even more. "In response, investors have been forced to retain additional...
Florida has been struck by two big hurricanes this year, setting off a wave of damage and, of course, new insurance claims. As we all know by now, insurance rates in places like Florida, Louisiana, and California have jumped in recent years thanks...
Florida homeowners have told Newsweek they are being "ripped off" and put into financial difficulty as the state's largest home insurance provider moves to cut the number of its policies.Earlier this year, regulators in the Sunshine State approved proposals allowing private insurers to...
