Citizens Property Insurance Corporation’s Board of Governors has approved a revised 2019 rate proposal that the company said reflects recent legislative changes that targets the ongoing abuse of assignment of benefit agreements and will reduce unnecessary litigation responsible for driving …
Florida’s insurer of last resort, Citizens Property Insurance Corp., has a new board member. Florida CFO Jimmy Patronis has appointed Bo Rivard insurer’s Board of Governors, effective immediately. His term expires on July 31, 2020. Rivard succeeds John McKay, a …
Citizens Property Insurance Corp. plans to purchase approximately $200 million in traditional reinsurance coverage for the 2019 hurricane season to protect its Personal Lines Account (PLA) surplus it says is exposed to storm risk in areas located away from the …
The Florida Office of Insurance Regulation (OIR) will conduct a rate hearing to receive public comment on the proposed rate changes from Citizens Property Insurance Corp. for its business in the Coastal Account (CA), Commercial Lines Account, and Personal Lines …
Citizens Property Insurance Corp. will file for a statewide average increase of 8.2 percent for personal lines policyholders – homeowners, condominium owners and renters. The Florida insurer of last resort’s Board of Governors on Wednesday approved a 2019 rate package …
A Florida insurance agent has been arrested after allegedly submitting a fraudulent insurance policy to Citizens Property Insurance Corp., according to a statement from Florida CFO Jimmy Patronis and the Florida Department of Financial Services (DFS). Richard Joseph Girard, a …
Florida’s Citizens Property Insurance Corporation’s Board of Governors has approved a $2.46 billion risk transfer program as the state heads into the 2016 hurricane season, the insurer said in a statement. By unanimous vote, Citizens Board approved a package that …
The Louisiana state treasurer is holding money for more than 4,500 people who participated in a class action lawsuit against the Citizens Property Insurance Corp. Treasurer John Kennedy says in a news release that most class action members are owed …
Citizens Property Insurance Corp.’s Board of Governors has approved the issuance of up to $1 billion in pre-event bonds to provide Citizens with readily available cash flow for the 2015 hurricane season and beyond. By unanimous vote on Tuesday, board …
In response to concerns from mobile homeowners, Citizens Property Insurance Corp. is now accepting alternative valuation methods from policyholders to ensure their mobile and manufactured homes are properly covered. On March 2, Citizens began sending out the first of 100,000 …
