Citizens Property Insurance Corporation (Citizens) News

Flood Requirements, Condo Inspection Rules Revised in Fla. Bills Sent to Governor

When a bill passed at a December special session of the Florida Legislature required all Citizens Property Insurance policyholders to buy flood insurance, many owners in high-rise condominiums were outraged. Already facing soaring premiums on HO-6 policies, now they were …

Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases

The Florida Office of Insurance Regulation will conduct a rate hearing on Monday, March 15 on proposed rate increases from Citizens Property Insurance Corp. The hearing will be held virtually at 9 am EST and will include testimony and public …

Florida’s Citizens Seeks to Stem Flow of New Policies with Drastic Rate Changes

After holding off on approving its 2021 rates last month, Citizens Property Insurance Corporation’s Board of Governors has approved rate recommendations that the insurer says will make its rates more competitive with the private market to slow the flow of …

Citizens Estimates $1.23B In Insured Losses from Hurricane Irma

Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris …

Deadline Approaches to Claim Louisiana Citizens 2012 Assessment Rebate

The deadline for Louisiana property insurance policyholders to file for the refundable 2012 Louisiana Citizens Property Insurance Corporation (Citizens) assessment is Dec. 31, 2016, the state’s insurance department announced. The Citizens assessment is to pay off bonds issued by Citizens …

McCarty Replacement Rumors Start Swirling; Successor Has ‘Huge Shoes to Fill’

Florida Insurance Commissioner Kevin McCarty’s successor has yet to be announced, but whoever takes over will have his or her work cut out for them when McCarty leaves office after 12 years on May 2. “These are some pretty huge …

Florida’s Citizens Now Accepting Alternative Mobile Home Valuation Tools

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 …

Deadline to Claim 2009 Louisiana Citizens Insurance Rebates Near

Louisiana Insurance Commissioner Jim Donelon is reminding property insurance policyholders that the clock is ticking on the deadline to claim a rebate for the Citizens Property Insurance Corporation (Citizens) assessment. After Dec. 31, 2013, policyholders will no longer be able …