Citizens reforms News

Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance

Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to take on more property risks. Insurance Commissioner …

Florida’s Citizens Seeks Lawmakers’ Help to Raise Rates, Shrink Size

Florida’s largest property insurer wants sweeping changes — including the ability to charge higher rates — in the coming year. It may be a hard sell during a contentious election year, but the board that governs Citizens Property Insurance voted …