Category: Citizens Property Insurance Corporation

Above:  Harold Knowles was appointed to Citizens’ Board of Governors by Florida Chief Financial Officer Alex Sink today.   Florida Chief Financial Officer announced the appointment of Harold Knowles to Citizens Property Insurance Corporation’s Board of Governors (“Board”) today, April 26, …

Reports on new statistical tracking tools and other strategies to expedite claims service performance, the identification of inconsistent or fraudulent claims and the enhancement of training for independent adjusters was the focus of Citizens Property Insurance Corporation’s (“Citizens”) Claims Committee …

Citizens Property Insurance Corporation (“Citizens”) announced that it closed on a $2.4 billion dollar bond sale for its High-Risk Account on April 6, 2010.   Citizens expects to have approximately $14 billion in readily available cash resources to pay any 2010 …

The Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) met on March 18, 2010, during which it reviewed reports from various Citizens committees and acted upon their recommendations.    To view the agenda and complete meeting documentation, click here.   …

The Citizens Property Insurance Corporation (“Citizens”) Audit Committee (“Committee”) met on March 17, 2010 to receive updates from the Office of the Internal Auditor, Chief Financial Officer and an external auditor.  To view a copy of the meeting agenda and …

The Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee (“Committee”) met on February 16, 2010.  To view complete meeting materials, click here.  A summary of the meeting discussion follows.  Key Projects Update Vendors that responded to Citizens’ competitive solicitation …

  The results of a pilot study designed to test the effectiveness of a full-scale wind mitigation credit re-inspection program were reported to Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) at its February 17, 2010 meeting.   While …

  The Citizens Property Insurance Corporation (“Citizens”) Claims Committee (“Committee”) met on January 27 via teleconference. Following is a summary of the meeting: Jay Adams, Citizens’ Director of Catastrophe Operations and Commercial Lines, reported that Citizens successfully tested its catastrophe …

  The Citizens Property Insurance Corporation (“Citizens”) Finance and Investment Committee (“Committee”) met on Monday, January 25, 2010 to discuss Citizens’ 2010 pre-event liquidity financing plan (“plan”). To access the agenda and meeting materials, click here. The plan, which was approved …

  In a December 18, 2009 opinion on Citizens Property Insurance Corp. v. Garfinkel, the Fifth District Court of Appeal held that, not only was Citizens Property Insurance Corporation (“Citizens”) immune from first-party bad faith claims, but that Florida’s bad …