Category: Citizens Property Insurance Corporation
Mar 29, 2013
Citizens Again Taps Capital Market for Risk Transfer Citizens Property Insurance Corporation (“Citizens”) announced today, March 29, 2013, that it has closed on a $250 million, three-year capital market risk transfer program through Everglades Re Ltd. The issuance, finalized yesterday, …
Mar 27, 2013
At its meeting last Friday, March 22, 2013, Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) approved a slate of coverage changes to benefit mobile homeowners, properties under construction and policyholders with previous sinkhole claims. The approved …
Mar 25, 2013
Citizens Property Insurance Corporation (“Citizens”) announced today, March 25, 2013, that it has released a Web-based True Cost Calculator that is designed to illustrate how assessments in the wake of a catastrophic storm can affect both Citizens and non-Citizens …
Mar 22, 2013
At its meeting today, March 22, 2013, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) announced a new employee travel policy, modified its qualifications for sinkhole insurance, approved rate increases for commercial coverage, agreed to buy reinsurance for …
Mar 22, 2013
At its meeting on March 21, 2013, Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee (“Committee”) heard a variety of updates, including specifics on Citizens’ recent revisions to its Binding Violation and Late Submission program. The issue of …
Mar 22, 2013
Echoing statements made by Citizens Property Insurance Corporation (“Citizens”) President and CEO Barry Gilway to the Florida Cabinet earlier this week, Citizens’ Chief Financial Officer Sharon Binnun told Citizens’ Board of Governors at its meeting today, March 22, 2013, that …
Mar 22, 2013
Audit results of various internal Citizens Property Insurance Corporation (“Citizens”) programs were reviewed during a lengthy meeting of Citizens’ Audit Committee (“Committee”) yesterday, March 22, 2013. Notably, Citizens’ Ethics Program was deemed satisfactory, as was a review of its …
Mar 19, 2013
During the Florida Cabinet meeting today, March 19, 2013, Florida Governor Rick Scott asked Citizens Property Insurance Corporation (“Citizens”) President and CEO Barry Gilway to follow up on educational efforts being made to inform policyholders of their assessment risk. …
Mar 19, 2013
At its meeting this Friday, March 22, 2013, Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board”) is scheduled to consider a major revision to its sinkhole rules that would allow broader eligibility for certain properties that have repaired …
Mar 18, 2013
At the Florida Cabinet meeting tomorrow, March 19, 2013, Citizens Property Insurance Corporation (“Citizens”) President and CEO Barry Gilway will present an outsourcing implementation plan developed in response to a statutory report that was finalized during 2012. To view …