Isn’t it ironic that the policyholders who pay Citizens Property Insurance to insure their homes against the threat of sinking into the ground, now find that the real threat of losing their home may come from the insurer itself? The request by Citizens Property Insurance to increase premiums for its 94,000 customers in the Tampa Bay region has gone from predatory to just plain greedy. Time is running short for residents to stand up to these out-of-touch bureaucrats who oversee the state-run property insurer. They either don’t know or don’t care that charging such exorbitant fees will result in losing most of their customers, or putting a huge financial strain on the ones who remain. Citizens’ board of governors also seems indifferent to the possibility that their actions will negatively impact the housing market, especially in Hernando County and Pasco County, where the steepest premium increases are proposed. I wrote … Continue reading →