Citizens News

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 …

Property Owners Urged to Claim Louisiana Citizens Assessment Rebate

State officials in Louisiana are calling on property owners to claim their assessment rebate charged on their insurance policies. Following Hurricanes Katrina and Rita in 2005, all property policies were charged an assessment on behalf of Citizens Property Insurance Corporation …

Plaintiffs in Louisiana Citizens Insurance Suit to Seize Cash

The plaintiffs who won a $92.8 million judgment against Louisiana Citizens Property Insurance Corp. three years ago plan to seize the company’s cash as a result of a ruling late on March 6 in a Jefferson Parish state district court. …

Florida Surplus Lines Take-Out Bill Heading for Defeat

A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up for the program. The Florida Senate by …

No Decision Made on Louisiana Citizens Judgment Appeal

Commissioner Jim Donelon says a decision won’t be made until next week on whether the state’s property insurer of last resort will pursue a U.S. Supreme Court appeal of a $93 million judgment against the company. Donelon said that his …

Louisiana High Court Refuses to Overturn $92.7M Citizens Ruling

The Louisiana Supreme Court says it won’t reconsider a $92.7 million judgment against Louisiana’s state-backed insurer of last resort for handling claims too slowly after Hurricanes Katrina and Rita in 2005. Louisiana Citizens Property Insurance Corp. will ask the U.S. …

Louisiana Commissioner Urges Policyholders to Claim Citizens Rebate

Louisiana Insurance Commissioner Jim Donelon and Department of Revenue Deputy Assistant Secretary Gary Matherne are urging those who have had a property and casualty insurance policy on their property during the last four years to claim the rebate for the …

Louisiana Citizens Drops Nearly 11K Policies in 5th Round of Depopulation

Nearly 11,000 homeowners polices once held by Louisiana’s property insurer of last resort have been absorbed into the private insurance market, state regulators say. Louisiana Insurance Commissioner Jim Donelon announced that in a recently completed fifth annual round of depopulation …

What Should Florida Do to Fix Citizens, Property Insurance? Share Your Ideas

As Insurance Journal has reported, Florida lawmakers are considering the future of the state’s largest homeowners’ insurer, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort but it’s become the first and only choice for many, …