Florida’s state-backed Citizens Property Insurance Corp. says the initial opening of its new web-based clearinghouse designed to make it easier for private insurers to write its policies has been promising, although the number of policies removed by insurers has been …
Following a six-year tenure as Citizens Property Insurance Corporation’s chief financial officer, Sharon Binnun has accepted a position in the private sector and will resign her post effective July 5.Citizens President and CEO Barry Gilway announced Binnun’s upcoming departure Monday. …
Allianz Risk Transfer (ART NY) has vowed to strongly repudiate charges levied by Florida regulators that it contributed to the collapse of a domestic property insurer by seizing management control and saddling it with millions in fees. The Florida Department …
Florida regulators have released a report into Citizens Property Insurance Corp., finding that the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses, while giving it high marks for responding to policyholders’ claims. Regulators …
Florida lawmakers are planning next week to release a draft version of a property insurance reform bill. The Senate Banking and Insurance Committee has taken the lead on property insurance reform this year and so far has listened to more …
Florida’s quasi-governmental property insurer is resisting a statutory requirement that it start issuing an HO-8 policy due to a disagreement with regulators over rates and concerns that the policy’s reduced price could make it attractive to consumers despite the policy’s …
