Category: Citizens Property Insurance Corporation

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 policy comes in response to a …

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 “dramatic” rate hikes on nearly a half-million homeowners. Citizens Property Insurance Corporation President …

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 Governors, which oversees the …

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 South Florida.” Yet according to Citizens’ …

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 Patronis at a Wednesday Cabinet meeting that a new lobbying disclosure …

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 percent of those lawsuits originated in South …

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 ” . . . emerged from the 2017 hurricane season financially sound and continues to …

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 (“Citizens”).  This action comes after a postponement in the rate filing …

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 increase sharply during the First Quarter of 2018, according to an overview …

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 State-run insurer’s ongoing response to Hurricane Irma.  The Committee, which has not met since June of this …