Category: Citizens Property Insurance Corporation
Feb 10, 2012
A class action lawsuit filed by a Pasco County, Florida homeowner on February 7, 2012 against Citizens Property Insurance Corporation alleges that the state-run insurer “sole sourced” the evaluation of the insured’s replacement cost coverage and “intentionally inflated the …
Feb 9, 2012
During its February 7, 2012 meeting, Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) recommended that Citizens’ Board of Governors (“Board”) approve a new notice form that will include a notation regarding potential policyholder assessments. The Board …
Feb 8, 2012
The Citizens Property Insurance Corporation (“Citizens”) Audit Committee (“Committee”) met on February 1, 2012, during which it approved the Audit Committee Charter and the 2011 Annual Audit Report. After approving minutes from the December 13, 2011 meeting, the Committee …
Feb 7, 2012
In a press conference held today, February 7, 2012 in Tallahassee, it was announced that a class action lawsuit has been filed against Citizens Property Insurance Corporation (“Citizens”) accusing the state-run insurer of dodging Florida law to create massive “back …
Jan 9, 2012
The Miami Herald reported today, January 9, 2012, that Citizens Property Insurance Corporation President Scott Wallace is resigning, effective April 2012. The article is reprinted below: Citizens Property Insurance president resigning The Associated Press TALLAHASSEE, Fla. — Citizens …
Dec 14, 2011
Condominium owners whose units are located in buildings where more than 25 percent of the units are short-term rentals could face significant insurance rate hikes under a proposal being considered by Citizens Property Insurance Corporation (“Citizens”) Board of Governors …
Dec 14, 2011
During its meeting today, December 14, 2011, Citizens Property Insurance Corporation’s Board of Governors approved a legislative package designed to help the State-run insurer reduce its exposure. THE NEWS SERVICE OF FLORIDA report is reprinted below. A full report on …
Dec 6, 2011
At the Florida Cabinet meeting this morning, December 6, 2011, Citizens Property Insurance Corporation (“Citizens”) Chairman of the Board of Governors (“Board”) Carlos Lacasa made a presentation to the Financial Services Commission in which he outlined the Board’s recommendations …
Dec 6, 2011
At the Florida Cabinet meeting this morning, December 6, 2011, Citizens Property Insurance Corporation Board of Governors Chairman Carlos Lacasa presented recommendations on how to reduce the state-run insurer’s exposure and return it to its former role as Florida’s …
Dec 2, 2011
At its meeting on November 30, 2011, Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) approved a list of 30 recommendations to downsize the state-backed insurer. The changes would not require legislative action. To view the meeting …