Citizens News

Florida Approves Removal of Up to 280,857 Policies From Citizens

The Florida Office of Insurance Regulation announced today that it has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation by the following seven companies: Anchor Property & Casualty …

Florida Approves Removal of More Than 80,000 Policies from Citizens

The Florida Office of Insurance Regulation (FLOIR) approved the removal of up to 80,000 personal residential policies and 1,050 commercial residential polices from Citizens Property Insurance Corp. (Citizens) by the following three companies: Heritage Property & Casualty Insurance Co. – …

Citizens Approves Rate Changes for Florida Insureds

Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss claims and continued inadequate rates for its remaining policyholders along …

Florida Office of Insurance Approves Removal of 45,500 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 45,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. by the following two companies: Heritage Property & Casualty Insurance Co. – approved …

Citizens: Florida Policyholder Count Lowest Since Company Creation

Citizens Property Insurance Corp. is the smallest it has been since its creation more than a decade ago, as improving private-market conditions continue to offer policyholders more choices for how best to protect their homes, according to a statement by …

Florida’s Citizens’ Recovery Unit Increased Policyholder Refunds in 2014

Citizens Property Insurance Corp. reports it returned nearly $310,000 in refunds to affected policyholders in 2014 as part of its efforts to recover claims payments of $4.9 million by pursuing reimbursement from product manufacturers, contractors and other third parties responsible …

Florida’s Citizens’ to Consolidate Workforce to Jacksonville Site

Citizens Property Insurance Corp.’s Board of Governors has approved a contract to consolidate the company’s information technology and other functions at the EverBank Center in downtown Jacksonville, Fla. The move, which is scheduled to be completed by the end of …

Florida’s Citizens Settled Almost 70% of Sinkhole Claims in 2014

Citizens Property Insurance Corp. has reached settlement agreements with more than 1,650 Florida homeowners to end litigation on sinkhole repair cases that was delaying critical repairs to their properties. As of Dec. 15, 2014, Citizens had reached agreements with 1,669 …

Payout of Louisiana Citizens Insurance Judgment Blocked Again

A state appeals court has blocked policyholders of Louisiana Citizens Property Insurance Corp. from collecting more than $100 million for the company’s failure to handle claims quickly enough following the 2005 hurricanes. The state 5th Circuit Court of Appeal issued …

Insurance Exec Blasts Florida Inaction on Hurricane Fund, Citizens

Florida lawmakers have put taxpayers at risk by not reforming the Florida Hurricane Catastrophe Fund or Citizen’s Property Insurance Corp. in advance of the 2012 hurricane season, an insurance executive has warned. Bradley Kading, president and executive director of the …