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Citizens To Raise Rates 6% Next Year
TALLAHASSEE (CBS4) – Home owners who have Citizens Property Insurance will see their rates increase 6.2 percent next year. Florida Insurance Commissioner Kevin McCarty approved the increase, but...
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For Some, Homeowners Insurance Rates Could Plummet
TALLAHASSEE (CBSMiami) — If you use a certain insurer for your homeowner’s policy, you might soon be saving a lot of money. Praetorian Insurance Co. is facing up to a 36 percent rate reduction for...
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Fla. Approves Removal Of 60,000 Additional Citizens Policies
TALLAHASSEE (CBSMiami/NSF) – Be prepared to get new property insurance if you currently have Citizens Property Insurance. The Office of Insurance Regulation announced that 60,000 policies from Citizens...
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Advocate Wants Investigation Into “Unfair” Insurance Practice
TALLAHASSEE (CBSMiami/AP) – Calling it an unfair trade practice, state insurance consumer advocate Robin Smith Westcott wants an investigation to the practice of insurance companies canceling...
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Hurricane Season To Impact Property Insurance Rates
TALLAHASSEE (CBSMiami/AP) — Florida hasn’t seen a hurricane since 2005, but that hasn’t stopped property insurance rates from going up. Hurricane Wilma was the last of eight hurricanes to hit the state...
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Workers’ Comp Rate Could Go Up Again
TALLAHASSEE (CBSMiami/AP) – Workers’ comp insurers are seeking a one percent increase, meaning employers across the state of Florida could have to pay more for their workers’ compensation insurance. If...
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State Approves Lower Worker Comp Rates
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami) – Florida businesses will save some money next year. The state’s Office of Insurance Regulation has announced an overall 5.2 percent...
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Scott Disputes That FDLE Leader Faced Immediate Ouster
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami/NSF) – Gov. Rick Scott’s office continued pushing back Monday against claims his staff forced longtime Florida Department of Law...
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Media, Open-Government Groups Seek Answers On Bailey Ouster
TALLAHASSEE (CBSMiami/ NSF) — Governor Rick Scott is getting pressure from media organizations and open-government advocates who filed a lawsuit over the ouster of Florida’s top cop. The lawsuit...
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Citizens Insurance Given Okay To End Surcharge Early
TALLAHASSEE (CBSMiami/NSF) – The Florida Office of Insurance Regulation has formally approved an early end to a surcharge Citizens Property Insurance Corp. customers have been paying because of damages...
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Scott, Cabinet Set New Agency Oversight Guidelines
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami/NSF) – A trio of agency heads whose necks have been on the governor’s chopping block earned a couple of extra months stay on Tuesday. Gov....
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Citizens CEO: Rate Hike Due To Spike In Water Claims
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (NSF) – A “disturbing” rise in water-damage claims in South Florida is driving Citizens Property Insurance Corp. to seek an average 3.2 percent...
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Advocate Urges Closer Look At Citizens Rate Hike
TALLAHASSEE (CBSMiami/NSF) — Florida’s new insurance consumer advocate wants Insurance Commissioner Kevin McCarty to “strongly consider” the large amount of reinsurance purchased by the state-backed...
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Citizens Defends Rate Hike Proposal
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami) – The chief risk officer for Citizens Property Insurance has sent a letter to the state insurance consumer advocate defending a proposed...
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Veteran Insurance Commissioner Stepping Down
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (NSF) – Kevin McCarty, the state’s longtime insurance commissioner, said Tuesday he is leaving the job to explore “other career opportunities.”...
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