Category: Citizens Property Insurance Corporation
Jun 16, 2017
During its meeting yesterday, June 15, 2017, Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee reviewed proposed changes to the method by which it values personal lines coverage for mobile homes. Citizens explained that, in 2011, it began …
Jun 13, 2017
Florida’s Citizens Property Insurance Corporation (“Citizens”) advised today, June 13, 2017, that the edited version of the 2017 Personal Lines Assumptions Calendar was not emailed to the Takeout Companies at the time it was updated on the Citizens Web …
Jun 12, 2017
Water damage claims litigation statistics to be reported at the upcoming Citizens Property Insurance (“Citizens”) Claims Committee meeting on June 15, 2017 do not bode well for South Florida, with 93 percent of incoming residential property lawsuits arising from …
Jun 5, 2017
The May 31, 2017 update to the Federal Financial Institutions Examination Council (“FFIEC”), Cybersecurity Assessment Tool (“Assessment Tool”) will be discussed as part of an information technology security and risk mitigation update made to Florida’s Citizens Property Insurance Corporation’s …
Mar 29, 2017
During its meeting in Maitland, Florida this morning, Citizens Property Insurance Corporation’s (“Citizens’”) Board of Governors learned the State-run insurer will post a $27.1 million net loss for 2016–marking its first loss since 2005. The loss comes despite minimal …
Mar 20, 2017
According to Florida’s Citizens Property Insurance Corporation (“Citizens”), the State-run insurer’s self-service capabilities and associated transaction volumes are well behind industry benchmarks for policyholders. To initiate efforts toward change, Citizens’ Consumer Services Committee will review a proposed feasibility study …
Mar 13, 2017
Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) will meet on Wednesday, March 15, 2017 to vote on whether to call its 2015 Everglades Re II Series 2015-1 bonds without a call premium on their optional redemption …
Mar 1, 2017
Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors will meet on Friday, March 3, 2017 to vote on whether to call its 2015 Everglades Re II Series 2015-1 bonds on their optional redemption date of May 3, 2017. …
Jan 3, 2017
Florida’s Citizens Property Insurance Corporation (“Citizens”) advised today, January 3, 2017, that it will reinstate the 2012 Florida Insurance Guaranty Association (“FIGA”) assessment for both Citizens’ Personal and Commercial Lines policies. The Florida Office of Insurance Regulation (“OIR”) approved …
Florida’s Citizens Property Insurance Alerts Agents to 2017 Depopulation, Assumption Process Changes
Dec 21, 2016
Florida’s Citizens Property Insurance Corporation (“Citizens”) published the following information (reprinted below) in its regular agents’ bulletin today, December 21, 2016: Depopulation: Policyholder Choice Citizens is changing the depopulation process for all personal lines assumptions, beginning with the …