Category: Citizens Property Insurance Corporation

    Subsequent to a September 7, 2010 public rate hearing, the Florida Office of Insurance Regulation (“OIR”) announced today, September 23, 2010, that it has ordered rate increases for Citizens Property Insurance Corporation (“Citizens”) that, in some cases, are …

    The Florida Office of Insurance Regulation has scheduled a public hearing today, September 7, 2010, to discuss proposed rate increases filed by Citizens Property Insurance Corporation. The statewide average proposed rate increases vary from 6.1 to 10.9 percent, …

  The Citizens Property Insurance Corporation (“Citizens”) Audit Committee (“Committee”) met via teleconference on July 15, 2010.  The Committee voted to approve the addition of an Information Technology (“IT”) Audit Manager position to the Citizens Office of the Internal Auditor …

    Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board”) authorized Citizens’ 2011 rate filings for submission to the Florida Office of Insurance Regulation (“OIR”) during a teleconference yesterday, July 26, 2010.    Because of 10 percent rate cap imposed …

  At its meeting today, July 19, 2010, Citizens Property Insurance Corporation’s (“Citizens”) Actuarial and Underwriting Committee (“Committee”) unanimously approved an average statewide rate increase of zero for its 2011 commercial residential multi-peril (“CRM”) rate filings, inasmuch as the AIR …

  Moody’s Investors Service (“Moody’s”) advised on July 7, 2010 that it has withdrawn its rating on Citizens Property Insurance Corporation’s (“Citizens”) Senior Secured Bonds Series 2010A-4 Federally Taxable (LIBOR Floating Rate Notes), inasmuch as Citizens had planned to issue …

  Citizens Property Insurance Corporation (“Citizens”) has advised that some mail addressed to Citizens may have been fraudulently redirected to an unauthorized location on, or about June 24, 2010 through June 29, 2010. The address affected is: 6676 Corporate Center …

  Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board”) met on May 27, 2010 in Fort Lauderdale.  Before beginning the meeting agenda, Citizens Financial Advisor, John Forney of Raymond James, advised the Board that he had recently returned from …

The Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee (“Committee”) met on May 12, 2010.  To view complete meeting materials, click here.  A summary of the meeting discussion follows.  Key Projects Update Five vendors have been selected to present …

As reported to Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee during its May 5, 2010 teleconference, an expedited application submission process has been developed in an effort to help customers of two recently liquidated Florida insurers secure property …