Category: Citizens Property Insurance Corporation

Expressing concern that Citizens Property Insurance Corporation’s (“Citizens”) proposed Surplus Note Depopulation Program (“Program”) could be fully implemented before the Florida Legislature has an opportunity to evaluate it, Florida House Speaker Designate Will Weatherford sent a letter to Citizens Chairman …

  Citizens Property Insurance Corporation (“Citizens”) advised today, October 5, 2012, that the opt-out timeframes for Commercial Policy Assumptions have been revised to 30-days pre-assumption and 30-days post-assumption, which is consistent with the current timeframes for Citizens’ Personal Residential Assumptions.  …

  The Florida Office of Insurance Regulation advised today, October 2, 2012, that it has issued an Order establishing homeowners’ and dwelling fire rate increases for Citizens Property Insurance Corporation (“Citizens”).  These rates will be effective January 1, 2013 for …

  In a September 28, 2012 letter to Citizens Property Insurance Corporation (“Citizens”) CEO Barry Gilway, State Representative Frank Artiles (R-119) warned there is likely to be “significant resistance” if Citizens continues to advance its proposed Surplus Notes Depopulation Program …

  “Devastating,” “unfair” and “money-grubbing.” Those were some of the terms used during a September 20, 2012 public hearing in Miami to describe a proposed 2013 rate increase Citizens Property Insurance Corporation (“Citizens”) has submitted for approval to the Florida …

  At a public rate hearing held today, September 20, 2012, Florida Insurance Consumer Advocate (“ICA”) Robin Westcott asked the Florida Office of Insurance Regulation to deny Citizens Property Insurance Corporation’s rate increase filing.  ICA Westcott cited the success of …

  The Florida Office of Insurance Regulation (“OIR”) will conduct a public rate hearing tomorrow, September 20, 2012, to discuss Citizens Property Insurance Corporation’s (“Citizens”) proposed rate increases for its business in the Coastal Account (formerly known as the High-Risk Account or HRA) …

  Citizens Property Insurance Corporation (“Citizens”) issued the following advisory yesterday, September 12, 2012:   This message is to advise interested parties that the Citizens Non-Bonus assumption scheduled for November 6, 2012, will continue as planned and advertised on the Citizens …

At its meeting today, September 7, 2012, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) agreed to move forward with a Surplus Notes Depopulation Program (“Program”) that would allow the state’s largest insurer to loan private insurers $300 million …

  At its meeting today, September 7, 2012, Citizens Property Insurance Corporation (“Citizens”) Board of Governors “Board” preliminarily approved the Surplus Note Depopulation Program (“Program”) presented by Citizens’ staff to the Depopulation Committee yesterday.  The Program’s specific language and contract …