Category: Citizens Property Insurance Corporation

Recently, Citizens Property Insurance Corporation (“Citizens”) held a Board of Governors (“Board”) meeting.  To view the complete agenda, which includes updates from the Committees that met during the past month, click here. The meeting was called to order by Chairman …

On Wednesday, June 18, 2008, Citizens Property Insurance Corporation (“Citizens”) held a Claims Committee (“Committee”) meeting to review the Independent Adjuster Request for Proposal (“RFP”), and receive updates on Citizens’ Claims School and 2008 Hurricane Season Catastrophe Plan.  To view …

On Wednesday, June 18, 2008, Citizens Property Insurance Corporation (“Citizens”) held a Finance and Investment Committee (“Committee”) meeting to receive an update on liquidity financing, give consent regarding the broker-dealer team, and hear the Investment Report.  To view the complete …

On Wednesday, June 18, 2008, Citizens Property Insurance Corporation (“Citizens”) held a Market Accountability Advisory Committee (“Committee”) meeting to discuss Citizens’ Single Personal Lines (“SPL”) Project, and receive updates on executive operations, the month-end operations report and 2008 legislative issues.  …

Colodny Fass has been advised by Citizens Property Insurance Corporation (“Citizens”) that Citizens will no longer apply to depopulations the new law set forth in Senate Bill 2860 stipulating that at least 180 days prior notice is required to non-renew a …

Today, June 19, 2008, Citizens Property Insurance Corporation (“Citizens”) announced the securing of pre-event financing of $1.75 billion for its High Risk Account.  This amount is in addition to the $1.6 billion bank credit line obtained for the Personal Lines Account and …

Recently, Citizens Property Insurance Corporation (“Citizens”) held an Audit Committee (“Committee”) meeting to discuss the Open Items Policy, management letter comments from the external auditor and an update on Citizens’ Office of the Internal Auditor (“OIA”). To view the complete …

Recently, the Task Force on Citizens Property Insurance Corporation Claims Handling and Resolution (“Task Force”) held a meeting to review the draft Final Report (“Report”) regarding hurricane claims handling and vote to accept it. Pursuant to the provisions of House …

The Florida Cabinet held a meeting today, June 10, 2008.  The Cabinet considered a plan for the Florida Hurricane Catastrophe Fund Finance Corporation to issue and sell $625,000,000 in Florida Hurricane Catastrophe Fund Finance Corporation post-event Revenue Bonds.  Below is a …

Recently, Citizens Property Insurance Corporation (“Citizens”) held an Actuarial and Underwriting Committee (“Committee”) meeting to discuss Florida’s 2008 Legislative Session, and receive updates on regional underwriting, the disputed claims appraisal process, multi-peril quote acknowledgment and agent communication efforts. To view …