CITIZENS PROPERTY INSURANCE

In a unanimous vote Wednesday morning, the Citizens Board of Governors approved a 14% price hike for policy holders -- covering single family homes, condominiums, mobile homes and rental properties.

Floridians are in the midst of hurricane season and a property insurance crisis.

The Florida Office of Insurance Regulation (OIR) announced that eight property and casualty insurers are coming to Florida following legislative reforms designed to promote market stability.

Florida property insurance experts say the approval of four insurance companies to take as many as 125,000 policies from Citizens Property Insurance is another sign the state is headed in the right direction.

Property insurance customers of the state-backed insurance company Citizens are getting a pleasant surprise as they learn there is a decrease in property insurance premiums.

Citizens property insurance policyholders are getting letters in the mail asking them to switch to private insurance companies. The state-backed "insurer of last resort" is switching 300,000 policies.

Citizens Property Insurance, the state’s “insurer of last resort” is sending policyholders letters that says they’ve received an offer of coverage from another private market insurance company.

Property Insurance experts are calling it a step in the right direction, in helping consumers in the state of Florida who have been rocked by the home insurance crisis.

Dozens of Florida homeowners insured by Citizens Property Insurance are complaining about the abrupt price hike in their property insurance.

The homeowners insurance industry is in crisis in Florida. Homeowners are getting dropped by their insurance companies, forcing them to pay for Citizens Property Insurance.

Charlie Crist, the Democratic nominee for Florida governor, held a news conference Wednesday in Jacksonville, saying he has tackled property insurance in Florida before and he would do it again as governor.

Pointing to “almost incomprehensible growth,” the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.

Nearly 80,000 Florida homeowners will have to find new insurance, after Southern Fidelity declared bankruptcy.

The 52 private insurance companies writing policies in Florida lost a total of $847 million through the end of September, causing them to raise rates by 50% or more.