Citizens Property Insurance Corp. News

Florida Agents Near Deadline to Accept Citizens’ Appointment

Florida insurance agencies and agents have just a few days left to decide whether or not to agree to the state-backed property insurer’s new appointment guidelines. Citizens Property Insurance Corp. revamped its agent appointment process in September in preparation for …

Florida’s Citizens Delays Launch of Clearinghouse

Florida’s state-backed property insurer officials announced they are delaying the launch of a new web-based clearinghouse in order to ensure it is working efficiently and to allow more private insurers to participate. Citizens Property Insurance President Barry Gilway told state …

Bolt Solutions Acquires Online Aggregator Superior Access (SAIS)

Bolt Solutions Inc., which provides property/casualty insurance online distribution and comparative rating platforms, has acquired Austin, Texas based Superior Access Insurance Services Inc. (SAIS), which it says is the industry’s largest online insurance aggregator. Founded in 1996 by independent agents, …

Florida’s Citizens Has New Plan to Shift 200,000 Policies to 8 Private Insurers

Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday that as many as 200,000 customers from across the state …

Florida’s Citizens Names Montero as CFO, Rollins as Chief Risk Officer

Citizens Property Insurance Corp. has filled a pair of key positions. Jennifer Montero will become Citizens chief financial officer. Montero, a certified public accountant who has served as interim CFO since June, has been with Citizens and its predecessor organizations …

Florida Approves 6.3% Increase In Citizens Homeowners Rates

Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies will see a 4.4 percent increase – or …

Florida’s Citizens Signs with 10 Insurers to Take Nearly 400,000 Policies

Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance companies absorb nearly 400,000 Citizens …

Florida’s Citizens Insurance Signs $45M Contract with Bolt for Clearinghouse

Florida’s state-backed property insurer has tapped a Connecticut-based firm to operate a new clearinghouse where new and renewal policyholders will be shopped to the private market before they are eligible for coverage. The Citizens Property Insurance Corp. board of governors …

Insurance Broker Gardner Appointed Chair of Florida’s Citizens

Florida Chief Financial Officer Jeff Atwater has tapped Chris Gardner to be the new chair of the Citizens Property Insurance Corp. board of directors. Gardner has been a member of the Citizens board since July 11, 2011. He replaces outgoing …

Florida Gov. Scott Hits Citizens for Secrecy; Signs Clearinghouse, Cap Bill

Florida Gov. Rick Scott is sounding off anew against the state’s largest property insurer. Scott on Wednesday signed a bill that includes modest steps to shrink the size of the state-created Citizens Property Insurance Corp. The bill (SB 1770) creates …