Category: Citizens Property Insurance Corporation
Nov 14, 2013
In a news release issued today, November 14, 2013, Citizens Property Insurance Corporation (“Citizens”) advised that it has continued its companywide modernization with the launch of a “much-anticipated” computer upgrade designed to coordinate policy underwriting, claims and billing. On …
Nov 7, 2013
Depopulation efforts have dropped Florida’s Citizens Property Insurance Corporation’s (“Citizens”) policy count to approximately one million. As of September 30, 2013, Citizens had about 1.22 million policies. A total of 160,683 policies were approved for removal by private carriers …
Sep 23, 2013
The Florida Office of Insurance Regulation has announced its deadlines for insurers to submit requests for approval to participate in the 2014 Citizens Property Insurance Corporation (“Citizens”) Personal Residential and Commercial Residential assumptions for 2014. The deadline calendars are …
Sep 20, 2013
Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) met today, September 20, 2013, in Jacksonville, Florida. Board Chairman Chris Gardner called the meeting to order. Citizens President and CEO Barry Gilway commented on Citizens depopulation issues, noting …
Sep 17, 2013
Florida’s Citizens Property Insurance Corporation (“Citizens”) has released its Depopulation Calendars setting forth certain deadlines with respect to all personal residential and commercial assumptions through February 2015. Copies of the calendars are attached for your review. Please note that …
Sep 13, 2013
Florida’s Citizens Property Insurance Corporation (“Citizens”) announced today, September 13, 2013, that it has filled a pair of key positions to enhance its financial and risk oversight capabilities as it continues the process of streamlining operations and reducing exposure. …
Sep 9, 2013
The Miami Herald’s Mary Ellen Klas reported today, September 9, 2013, that John Rollins has resigned from his position on Florida’s Citizens Property Insurance Corporation’s Board of Governors. An insurance analytics expert, Mr. Rollins may be contemplating a return …
Sep 9, 2013
Following an August 20, 2013 public hearing, the Florida Office of Insurance Regulation (“OIR”) issued an Order on September 6 approving increases for Citizens Property Insurance Corporation (“Citizens”) homeowners’ and dwelling fire rates. Homeowners’ rates for the coastal and …
Sep 5, 2013
Florida’s Citizens Property Insurance Corporation (“Citizens”) issued an Invitation to Negotiate (“ITN”) for Investment Manager services yesterday, September 4, 2013. The vendor ultimately selected would be responsible for managing a portion of Citizens’ taxable and/or tax-exempt assets. The would-be …
Aug 29, 2013
Citizens Property Insurance Corporation (“Citizens”) advised today, August 29, 2013, that nearly 400,000 of its policyholders will be given the option to return to the private market following last week’s approval by the Florida Office of Insurance Regulation (“OIR”) …