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Florida approves nearly 229,000 Citizens policies for takeout by private insurers

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Florida approves nearly 229,000 Citizens policies for takeout by private insurers

Florida Approves Nearly 229,000 Citizens Policies for Takeout by Private Insurers Tallahassee, FL – Florida regulators have greenlit the removal of nearly 229,000 policies from the state-backed Citizens Property Insurance Corporation, transferring them to private insurers in an effort to reduce risk for taxpayers and stabilize the insurance market. The Florida Office of Insurance Regulation … Read more

State Farm’s 27.2% Illinois Insurance Hike Hits Seniors Hard: What You Can Do

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State Farm’s 27.2% Illinois Insurance Hike Hits Seniors Hard: What You Can Do

By Satish MehraPublished on July 11, 2025 State Farm, Illinois’ largest homeowners’ insurer, is raising rates by an average of 27.2% starting August 15, 2025, impacting nearly 1.5 million policyholders. The hike, one of the state’s largest ever, comes amid rising catastrophic losses from extreme weather, but it has drawn sharp criticism from Governor JB … Read more

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