Category: Citizens Property Insurance Corporation
Feb 11, 2013
At a meeting this morning, February 11, 2013, the 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 …
Feb 8, 2013
Citizens Property Insurance Corporation (“Citizens”) advised that, on January 31, 2013, the Florida Office of Insurance Regulation (“OIR”) issued a consent order approving a depopulation plan for Weston Insurance Company (“Weston”). The plan must be approved by Citizens Board …
Jan 17, 2013
In a statement issued today, January 17, 2013, Florida Governor Rick Scott called for immediate reforms in the corporate travel policies of Citizens Property Insurance Corporation (“Citizens”) and released a detailed report by the Office of the Chief Inspector …
Jan 11, 2013
Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors will meet on February 4, 2013 at 11:00 a.m. to discuss the organization’s 2013 Finance Plan, including Risk Transfer and Pre-Event Financing. To participate via teleconference, call toll-free at (888) 942-8686 …
Dec 27, 2012
REMINDER The deadline to notify Citizens Property Insurance Corporation of Intent to Transfer Credits is December 31, 2012. The deadline to report 2012 Voluntary Premium Writings for credit against potential 2013 assessments is February 15, 2013. Citizens Property …
Dec 20, 2012
Citizens Property Insurance Corporation (“Citizens”) announced via e-mail today, December 20, 2012, that the 2013 Commercial and Personal Depopulation Calendars, as well as the 2013 Supplemental Calendar, are now available at Citizens’ Depopulation Information Web site. The following changes …
Dec 19, 2012
In a letter to Florida Governor Rick Scott today, December 19, 2012, Florida’s Chief Financial Officer Jeff Atwater suggested that, should an independent Inspector General be hired to oversee Citizens Property Insurance Corporation, the Florida Cabinet should approve the …
Dec 16, 2012
At its December 14, 2012 meeting, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) approved a “Clearinghouse” concept designed to provide a means to compare Citizens’ policies with those of private insurers, along with detailed explanations of the …
Dec 14, 2012
Insurers wishing to participate in the March 2013 personal residential and commercial residential policy assumptions from Citizens Property Insurance Corporation (“Citizens”) must submit a request for approval to participate to the Florida Office of Insurance Regulation (“OIR”) by December …
Dec 13, 2012
At its meeting today, December 13, 2012, the Citizens Property Insurance Corporation (“Citizens”) Depopulation Committee (“Committee”) voted to recommend Citizens Board of Governors (“Board”) approval of a $485,000 expenditure to analyze loss exposures in Monroe County under a proposal …