Category: Citizens Property Insurance Corporation

Citizens Property Insurance Corporation (“Citizens”) held an emergency Board of Governors Meeting today via conference call to discuss the dire market conditions for builders risk insurance in Florida. Builders risk policies insure residential and commercial projects that are under construction …

Please find attached a summary of the Citizens Board of Governors meeting which was held yesterday. Should you have any questions or concerns, please do not hesitate to contact this office. Regards, Fred E. Karlinsky

This morning Judge Janet Ferris agreed to accept an amended Liquidation Plan making a very minor clarification in the plans approved for Southern Family Insurance Company, Atlantic Preferred Insurance Company and Florida Preferred Insurance Company. The clarification will specifically state …

The Citizens Claims Committee (“Claims Committee”) held a meeting on April 6, 2006 during which the following topics were discussed: The possibility of running Florida Crime Information Center (“FCIC”) and National Crime Information Center (“NCIC”) criminal background checks on its …

The Citizens Market Accountability Advisory Committee (“MAAC”) meeting was held on March 2, 2006 and presided over by new Chairman Andy Martinez. Two main topics were discussed: 1. MAAC’s brochure to consumers; and 2. The agenda for future meetings. Susanne …

Citizens Property Insurance Corporation’s (CPIC) recently held a Board of Governors (the “Board”) meeting during which the Board discussed several issues relating to reinsurance and CPIC’s financial status. Bruce Douglas, the Board Chairman, briefly outlined his visits to reinsurers with …

Attached you will find a copy of the Citizens Board of Governors report to the Legislature. This report contains data regarding Citizens’ deficit and the corresponding assessments. Please feel free to contact this office with any questions or concerns. Regards, …

On January 19, 2006, the Board of Governors of Citizens Property Insurance Corporation met in Jacksonville, Florida for a regularly scheduled meeting. Chairman Bruce Douglas stated that Hurricane Wilma created the largest storm loss for Citizens with 135,000 claims. Of …