The Florida Office of Insurance Regulation (“OIR”) has revised the Personal Residential Assumption Deadlines for 2014 Citizens Property Insurance Corporation (“Citizens”) Assumptions. The...
Category: Citizens Property Insurance Corporation
Florida Citizens Property Insurance Claims Committee Sends Independent Adjusting, Archive Management Contracts to Board; Reviews Catastrophe Response Plan
February 25, 2014
The Citizens Property Insurance Corporation (“Citizens”) Claims Committee (“Committee”) met on February 19, 2014 to hear updates on Citizens catastrophe planning and sinkhole-related...
Florida Senate Committee on Banking and Insurance Approves FIGA Bill, Reviews Options for Downsizing Citizens Property Insurance
February 18, 2014
At its meeting today, February 18, 2014, the Florida Senate Committee on Banking and Insurance (“Committee”) took up SB 346 by Senator Tom Lee, which revises how the Florida Insurance Guaranty Association...
In Advance of Exposure Reduction Negotiations, Citizens Property Insurance CEO Gilway Seeks To Dispel Potential Foreign Travel Expense Concerns
February 13, 2014
In an effort to pre-empt concerns about foreign travel expenditures during negotiations involving traditional reinsurers and capital market private risk transfer, Florida’s Citizens Property Insurance Corporation...
Florida’s Citizens Property Insurance Corporation Board Approves Risk Transfer Policy, Investment Management Services
February 13, 2014
Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board”) met on January 29, 2014. The agenda included action on Citizens’ 2014 plan...
Florida’s Citizens Property Insurance To Launch Private Market Clearinghouse on January 27, 2014
January 22, 2014
To facilitate its return to being Florida’s “insurer of last resort,” Citizens Property Insurance Corporation (“Citizens”) will launch its Property Insurance Clearinghouse...
Florida Citizens Property Insurance Seeking Independent Adjusters; Responses Due January 15, 2014
December 23, 2013
Florida’s Citizens Property Insurance Corporation (“Citizens”) is seeking proposals from multiple vendors capable of providing independent adjusting services. Vendors’ independent...
Florida’s Citizens Property Insurance Sinkhole Claims Settlement Offer Letter Draws Praise, Critics
December 12, 2013
In a news release issued today, December 12, 2013, Citizens Property Insurance Corporation’s (“Citizens”) Chairman Chris Gardner noted the State-run insurer’s efforts to settle pending sinkhole...
Florida Governor Rick Scott, Cabinet Congratulate New Citizens Property Insurance Chief Inspector General Bruce Meeks
December 10, 2013
Florida Governor Rick Scott and members of the Florida Cabinet issued congratulatory statements to Bruce Meeks, whom they approved as Florida’s first-ever Inspector General of Citizens Property Insurance...
Sinkhole-Related Claims Down 61 Percent for Florida’s Citizens Property Insurance, Committee Learns
November 14, 2013
Florida’s Citizens Property Insurance Corporation (“Citizens”) Claims Committee (“Committee”) met via teleconference today, November 14, 2013. As part of the agenda, Citizens’...