Category: Citizens Property Insurance Corporation

  At its meeting this morning, May 24, 2016, Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors approved a total 2016 risk transfer program of $2.464 billion for the state-run insurer, along with the purchase of the Florida Hurricane Catastrophe Fund (“FHCF”) …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) advised today, May 10, 2016, that important policy changes are coming beginning July 1 as the state-backed insurer takes steps to provide better educate its policyholders early in the claims process with the …

  Signed by Governor Rick Scott today, April 14, 2016, HB 931 will make several changes to law relating to Florida’s Citizens Property Insurance Corporation (“Citizens”) effective July 1, 2016. The new law requires Citizens to revise its plan of …

  In a news release issued today, February 9, 2016, Florida’s Citizens Property Insurance Corporation (“Citizens”) announced the launch of a multi-faceted education campaign to improve customer claims handling, while taking steps to combat fraud and claims abuse. Dubbed “Call …

  A detailed analysis conducted by Citizens Property Insurance Corporation (“Citizens”) for state insurance regulators has concluded that water loss claims, exacerbated by assignment of benefits (“AOB”), are driving higher rates in South Florida and increasingly across the state. Responding …

  Citing the benefits of a “reinvigorated” private insurance market, affordable reinsurance and favorable weather, Florida’s Citizens Property Insurance Corporation (“Citizens”) announced today, January 20, 2016, that it has reduced its policy count to under 500,000, marking a milestone as …

  With South Florida water damage claims generating an average of 800 litigated cases per month and similar volume expected to continue into 2016, Florida’s Citizens Property Insurance Corporation (“Citizens”) is facing a “future tsunami of lawsuits,” its Board of …

  Responding to skyrocketing water damage claims-related losses–particularly in South Florida–Citizens Property Insurance Corporation’s (“Citizens’”) Board of Governors (“Board”) has approved a slate of policy changes intended to bolster claims oversight, while still serving policyholders who need immediate emergency repairs. …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) began its final round of Committee meetings for 2015 leading up to its Board of Governors (“Board”) meeting scheduled for next week, December 9. F ollowing is a summary of Citizens’ on November 30 Claims Committee …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) will continue to shrink as depopulation activities proceed in the months ahead, but the State-run insurer’s top executive warned its Board of Governors (“Board”) that water loss claims continue to hamper efforts to …