Citizens Property Insurance Corp., the Florida state-run insurer of last resort, has devised a new policy requiring lobbyists seeking to lobby the insurer to register via a new online registration system. The new corporate...
Category: Citizens Property Insurance Corporation
Citizens’ CEO: AOB reform could slash insurance rates by 20 percent for a half-million homeowners
June 20, 2018
Unless the state Legislature implements restrictions on assignment of benefits (AOB) agreements between property owners and contractors, Florida’s publicly owned property insurer could be litigated into imposing...
Citizens board might delay 7.9 percent rate hike
June 20, 2018
Citizens Property Insurance is poised to delay a 7.9 percent rate increase for policyholders, after some board members suggested Tuesday another rate hike may be too soon following a May 1 increase. The Citizens Board of...
State-owned Citizens Property Insurance Co. is once again seeking to increase annual rates by about 10 percent — the maximum allowable by state law — while blaming “skyrocketing nonweather related water loss claims in...
Citizens rolls out new lobbying disclosure requirements
June 14, 2018
Lobbyists representing clients before the state-backed Citizens Property Insurance Corporation will soon have to disclose their efforts publicly. Citizens President and CEO Barry Gilway told Chief Financial Officer Jimmy...
Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017. More than 90...
Florida’s Citizens Property Insurance Board Gets Hurricane Irma Update; Welcomes New Board Members
December 13, 2017
Kicking off an extensive agenda, today, December 13, 2017, Florida’s Citizens Property Insurance Corporation’s (“Citizens”) President and CEO Barry Gilway reported that the State-run insurer ” ....
Florida Office of Insurance Regulation Finalizes 2018 Citizens Property Insurance Rates
December 6, 2017
The Florida Office of Insurance Regulation (“OIR”) advised today, December 6, 2018, that it has established the 2018 personal and commercial property insurance rates for Citizens Property Insurance Corporation...
Florida’s Citizens Property Insurance Claims Committee to Review Hurricane Irma Response, Litigation
December 4, 2017
Florida’s Citizens Property Insurance Corporation (“Citizens”) has been served with 23 Hurricane Irma-related lawsuits since the storm struck the State on September 10. That number is expected to...
Florida’s Citizens Property Insurance Consumer Services Committee To Review Hurricane Irma Response, Self-Service Initiatives
November 27, 2017
Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee (“Committee”) will convene this Thursday, November 30, 2017, to review various aspects of the...