Tag Archives: rate increase

Florida’s Citizens Property Insurance Corporation Goes to War Against Its Policyholders

Since the last serious hurricane seasons of the mid-2000s, Citizens Insurance Corporation has spent $2.7 billion in legal fees in litigation against its own policyholders. Furthermore the Florida Legislature has given Citizen’s a free pass to abuse its customers. Citizens was granted immunity from the bad faith laws, which are supposed to protect the consumer […]

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Appeals Court Affirms State Farm Denial For Increase

A Florida appeals court affirmed an administrative judge’s ruling that allows the state’s Insurance Commissioner Kevin McCarty to deny a homeowners insurance rate increase to State Farm. Without comment, Florida’s District Court of Appeals, First District, in Tallahassee, yesterday affirmed the commissioner’s denial. A reverse decision could have increased rates by as much as 67 […]

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State Farm asks for a 67 percent increase

State Farm Florida Insurance Co. now wants a 67 percent average statewide property insurance rate increase, months after Florida Insurance Commissioner Kevin McCarty said he would reject the insurer’s proposed 47 percent rate boost. State Farm, the state’s largest private home insurer, has appealed to the Division of Administrative Hearings and in its final submission […]

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