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A new study has suggested that things could get worse for Florida and other states that are hammered by natural disasters because of a double whammy of rising rates and risks that could result in spiraling decline in demand and property values.
Hundreds of thousands of Citizens Property Insurance Corporation policyholders will soon get letters in the mail informing them private insurance companies are looking to take over their policies.
Hundreds of thousands of people are getting letters giving them alternatives to their Citizens Property Insurance policy.
Citizens Insurance policyholders who are receiving letters urging them to transfer to a private insurance company are turning down the offer under certain circumstances.
Citizens Property Insurance Corporation says a vendor’s mailing delay has pushed the deadline.