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Florida Office of Insurance Regulation Appears to Rubber Stamp Virtually Any Rate Hike Requested by Property Insurance Companies

Despite the supposed 10% annual caps on rate increases that are supposed to be in place for Florida property insurance companies, company after company gets away with increasing their rates by bedding down with Governor Rick Scott and the heavily Republican State Legislature. As reported on June 27, 2012 by regular insurance writer, Julie Patel…

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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