It’s not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in 2021 and the future does not look any better, the CEO of Citizens Property Insurance Co. told lawmakers …
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 state-backed property insurer found itself on the defensive in Tallahassee this week as state lawmakers inquired into a deal whereby a private insurer stands to receive millions in exchange for removing policies. Officials from Citizens Property Insurance Corp. acknowledged …
Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday that as many as 200,000 customers from across the state …
A Florida Senate committee unanimously confirmed Barry Gilway’s appointment as president of the state-backed insurer Citizens Property Insurance Corp. The rare legislative oversight of the Citizens leadership appointment came almost 10 months after the board of Citizens hired Gilway to …
Florida’s state-backed property insurer has approved a plan to shift 31,000 commercial wind-only policies to a new private insurer. The board of Citizens Property Insurance Corp. approved the plan earlier this week. Newly-licensed Weston Insurance Co. will be permitted to …
A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period. Florida Gov. Rick Scott ordered a review of expenses at the insurer following a report …
Officials of Florida’s policyholder-back insurer have decided not to pursue a plan to loan private insurers part of its surplus in exchange for removing policies citing the fact that as currently envisioned no insurers would step forward and participate in …
In the face of criticism, the top executive of Florida’s state-backed property insurer acknowledge his decision to close the insurer’s office in charge of corporate oversight before having its replacement in place was ill-advised. Citizens Property Insurance Corp. executives recently …
Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates over rates, mitigation credits, rolled-back coverage, depopulation …
