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Old 01-16-2014, 07:35 PM
 
Location: Port St. Lucie, Florida
4,509 posts, read 7,748,397 times
Reputation: 1969

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I am certainly not a person even suggesting Citizens for an insurance company.. but...news


At least 14,000 customers got letters with bogus Citizens rates | www.palmbeachpost.com


At least 14,000 letters from a Florida insurer seeking customers from Citizens Property Insurance Corp. contain incorrect information about Citizens renewal premiums, a spokesman for the state-run insurer said Wednesday.
The Palm Beach Post reported this week that some letters contained erroneously high premiums for Citizens renewal policies, making the private insurer’s rates look better by comparison. Under a state transfer program, Citizens customers have the option to stay with their current policies.

State regulators estimated about 18,000 assumption letters went out to Citizens customers from First Community Insurance Co. and 14,000 of those had inaccurate information, according to Citizens spokesman Michael Peltier.

One Palm Beach County customer said a letter claimed his Citizens renewal policy would be more than $3,000, double his current premium, while the private insurer was offering coverage at about $2,300.
First Community, a unit of Bankers Insurance Group in St. Petersburg, apologized and a spokeswoman said revised letters would be sent. The company was approved to send out more than 50,000 offers for coverage to take effect Feb. 4, though actual mailings can be smaller.
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