Category: Citizens Property Insurance Corporation

  Florida’s Citizens Property Insurance Corporation (“Citizens”) advised insurers in its Depopulation Program today, June 6, 2013, that for renewals June 1 or later, it has implemented a mandatory 10 percent sinkhole loss deductible for HO-3, DP-1 and DP-3 policies …

  Because of its aggressive depopulation efforts, the outlook for Citizens Property Insurance Corporation (“Citizens”) is “very bright” and “very positive” compared with what its future seemed to be just one year ago, Citizens President and CEO Barry Gilway told …

  The Citizens Property Insurance Corporation (“Citizens”) Depopulation Committee (“Committee”) met today, May 29, 2013, during which Citizens’ Chief Financial Officer Sharon Binnun advised the Committee that depopulation efforts over the past year and a half have reduced potential emergency …

  CS/SB 1770, which provides for various reforms of Florida’s Citizens Property Insurance Corporation (“Citizens”), was signed into law by Florida Governor Rick Scott today, May 29, 2013.  Effective July 1, 2013 unless otherwise provided, CS/SB 1770 is also known …

  The final report from Florida’s Inspector General on Citizens Property Insurance Corporation’s (“Citizens”) decision to disband its Office of Corporate Integrity in late 2012 was released by the Office of Florida Governor Rick Scott today, May 14, 2013. To …

  Florida Senator Wilton Simpson will host all-day Citizens Property Insurance Corporation (“Citizens”) Policyholder Forums on May 20 and 21, 2013, from 9:00 a.m. to 5:00 p.m. at the Pasco Hernando Community College campuses in New Port Richey and Spring …

  An investigation of Citizens Property Insurance Corporation (“Citizens”) ordered by Florida Governor Rick Scott in November 2012 determined that the disbanding of Citizens’ Office of Corporate Integrity just prior to that was a legitimate business decision and not a …

  In an Order signed May 1, 2013, the Florida Office of Insurance Regulation (“OIR”) approved Weston Insurance Company (“Weston”) to remove up to 7,615 wind-only policies (435 commercial, 7,180 personal) from Citizens Property Insurance Corporation (“Citizens”) this month.  This …

  Citizens Property Insurance Corporation (“Citizens”) announced today, April 4, 2013, that Juan Cocuy has been appointed to its Board of Governors by Florida Chief Financial Officer Jeff Atwater. Mr. Cocuy, who has an extensive background as a senior audit …

  Citizens Property Insurance Corporation (“Citizens”) President and CEO Barry Gilway was confirmed in his position by the Florida Senate Committee on Ethics and Elections today, April 1, 2013.  Although Mr. Gilway was hired in June 2012 by Citizens’ Board …