Hurricane Irma produced a litigation wave at Citizens Insurance, committee told
Jun 14, 2018
Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017. More than 90 percent of those lawsuits originated in South Florida.
The state’s insurer of last resort fielded 4,287 legal claims in January through April, the vast majority involving residential policies. Irma claims represented 60 percent of that litigation, according to a report delivered to Citizens’ claims committee during a telephone conference call Wednesday.