Florida property insurance coverage sees constructive shift as Residents shrinks

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Florida property insurance sees positive shift as Citizens shrinks

Claims denial, storm restoration

In the course of the Residents board of governors’ quarterly assembly, Cerio addressed the insurer’s charge of claims denials following hurricanes Debby, Helene, and Milton. As of now, Residents has denied 13.2% of all claims associated to the storms, primarily because of a scarcity of protection beneath the phrases of the coverage, together with claims for flood harm.