Category: Citizens Property Insurance Corporation

  At its meeting on March 8, 2013, Citizens Property Insurance Corporation (“Citizens”) Claims Committee (“Committee”) members heard updates on various types of claims. To view the meeting materials, click here. Citizens’ Vice President of Claims Operations Lance Malcolm opened …

  Citizens Property Insurance Corporation (“Citizens”) announced today, March 8, 2013, that it has hired a team of forensic auditors in an effort to strengthen its internal auditing structure.  This new unit replaces Citizens’ former Office of Corporate Integrity. A …

  A top Citizens Property Insurance Corporation (“Citizens”) executive blamed negative media coverage and constant scrutiny for the recent exodus of five top managers during Citizens Actuarial and Underwriting Committee (“Committee”) meeting on March 5, 2013. “What I am most …

  Mobile home screened enclosures and carports that are attached would once again be eligible for insurance coverage under a proposal recommended by Citizens Property Insurance Corporation’s Actuarial and Underwriting Committee at its meeting yesterday, March 5, 2013.  Although Committee …

  Florida’s Citizens Property Insurance Corporation has advised that insurers interested in participating in its upcoming July 2013 policy assumption must submit a formal filing to the Florida Office of Insurance Regulation (“OIR”) by March 29 for the Personal Lines …

  A news release issued by Florida Citizens Property Insurance Corporation’s (“Citizens”) today, February 27, 2013, detailed that its top auditor said a comprehensive review of 474 cases investigated since 2008 found that all internal complaints have been addressed and …

  Citizens Property Insurance Corporation issued the following news release today, February 15, 2013:   Citizens Announces Plans to Comply with State Procurement Requirements TALLAHASSEE, FL – As part of its ongoing effort to increase fiscal prudence and accountability, Citizens …

  The Office of Florida Chief Inspector General Melinda Miguel has released its final report regarding Citizens Property Insurance Corporation’s (“Citizens”) travel expenses. Based on a September 2012 request from Governor Rick Scott, Chief Inspector General Miguel reviewed a portion …

  At its meeting yesterday, February 14, 2013, Citizens Property Insurance Corporation (“Citizens”) Chief Financial Officer Sharon Binnun advised Citizens’ Board of Governors (“Board”) to forego a previously-recommended $600 million pre-event liquidity financing program because the State-run insurer has adequate …

  At its meeting this morning, February 11, 2013, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) approved a quota share reinsurance treaty with Weston Insurance Company (“Weston”), paving the way for a takeout that will remove approximately $30 …