Citizen's Property Insurance's six-month journey on deciding whether it will stay or go from downtown Jacksonville ended Friday. It's going in 2026.
The long-term effects remain to be seen. New report predicts massive change coming to home insurance prices: 'Going to affect the whole homeowner's market greatly' first appeared on The Cool Down.
The number of policies under Florida’s state-backed Citizens Property Insurance Corporation has dropped to its lowest level in nearly three years as private insurers continue to assume coverage through a state-led depopulation program.
After drawing seven bids from its invitation to negotiate for "turn-key" office space in Jacksonville, Citizens Property Insurance Corp. has selected a property in South Jacksonville. The selection puts Citizens on a path to leave its Downtown offices in the 30- story high-rise at 301 W.
Citizens Property Insurance Corp. saw a record-breaking decrease in policies, indicating a potential recovery in Florida's private insurance market. Some lawmakers argue that shrinking Citizens might not be the best measure of a healthy insurance market.
In a legal battle between Citizens Property Insurance Corporation and Mayra Avila, the Florida Third District Court of Appeal upheld a lower court's ruling in favor of Avila. The decision, issued on February 26, 2025, reaffirmed that jury verdicts should stand if supported by substantial evidence, rejecting Citizens’ appeal.
After drawing seven bids from its invitation to negotiate for “turn-key” office space in Jacksonvill Corp. has selected a property in South Jacksonville, News4JAX’s news partner the Jacksonville Daily Record reported.
Action News Jax’s Ben Becker has learned that a committee at Citizens Property Insurance Corporation has recommended that the company move its headquarters out of downtown Jacksonville.
The state’s Citizens Property Insurance Corp. last week shed about 100,000 policies, with its number of customers dropping to the lowest total in nearly three years.
The ruling serves as a cautionary tale for homeowners seeking to file insurance claims for weather-related damages. It reinforces the necessity of reporting damages promptly and highlights the evidentiary challenges of linking property damage to specific storms after extended periods of time.