Category: Citizens Property Insurance Corporation

  Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee met yesterday, September 6, 2012.  To view the meeting materials, click here. After receiving a barrage of negative publicity about its mitigation re-inspection program, Citizens is offering policyholders free re-inspections to …

  During the Citizens Market Accountability Advisory Committee (“Committee”) meeting yesterday, September 6, 2012, discussion focused on an array of updates, including the renewed need for Builders’ Risk Insurance and an ongoing problem with incomplete submissions from personal lines agents. …

  At its meeting today, September 6, 2012, Citizens Property Insurance Corporation (“Citizens”) Depopulation Committee (“Committee”) approved a surplus notes loan program that would cost Florida’s insurer-of-last-resort $300 million in incentives to coax private insurers to assume as many as …

  Florida Insurance Commissioner Kevin McCarty announced today, September 6, 2012, that the State Office of Insurance Regulation (“OIR”) has approved the removal of 150,000 policies from Citizens Property Insurance Corporation (“Citizens”) by four private-sector companies–Florida Peninsula Insurance Company (35,000 …

  The Florida Office of Insurance Regulation (“OIR”) has scheduled a September 20, 2012 public rate hearing to review proposed rate increases for Citizens Property Insurance Corporation’s (“Citizens”) Coastal Account (formerly known as the High-Risk Account) and Personal Lines Account.  …

  After hearing status reports on several Information Technology (“IT”) projects at its meeting today, August 22, 2012, Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee (“Committee”) recommended several pending expenditures related to the consolidation of its Data Center …

    Saying its  rates are far below what is needed to be competitive in the market, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) approved a statewide average rate increase of at least 8.8 percent during its meeting …

  The Sun Sentinel reported today, July 26, 2012, that, in addition to critical remarks, Florida Insurance Consumer Advocate Robin Westcott made several recommendations pertaining to Citizens Property Insurance Corporation (“Citizens”) ongoing Mitigation Inspection and Outreach Program at a committee …

  This week, Citizens Property Insurance Corporation (“Citizens”) will hold several meetings of interest in Miami, Florida, including a July 27, 2012 Board of Governors (“Board”) meeting, the agenda for which includes a recommended vote on Citizens’ rates for next …

Above:  State lawmakers, residents and other members of the public attended the Citizens Property Insurance rate workshop in Miami today, July 16.   Actuarial and Underwriting Committee Report Policyholders who incur water damage in their homes will face a $15,000 …