Florida OIR Trims Citizens’ HO Rate Increase to 6.4% June 27, 2022 Five months ago, Citizens Property Insurance Corp. filed for a near-maximum-allowed rate increase for most of its policies, citing the...
Citizens: Underwriting Losses, but $81M in Net Income Thanks to Investments March 24, 2022 By William Rabb Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’...
Lawsuits vs. Citizens Insurer Continue to Rise But Legal Fees and Payouts Dropping March 11, 2022 By William Rabb A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad...
Citizens Starts Massive Florida Property Inspection Program This Month January 11, 2022 Citizens Property Insurance Corp. is reminding agents that it is greatly expanding the number of property inspections, starting this month,...
Former Citizens President Cleared of Waterway Excavation Infraction December 20, 2021 The former president of Florida’s Citizens Property Insurance Corp. has been found not guilty by a federal jury after he...
Citizens’ Board Requests Larger Than Expected Rate Hike for Florida Homeowners December 16, 2021 The board of governors for Citizens Property Insurance Corp., Florida’s state-backed insurer of last resort, wants the maximum allowed rate...
Insurance Industry Tallies Irma’s Mounting Losses in Florida September 22, 2017 With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65...
Miami Insurance Agent Arrested Over Assisted Living Facility Fraud Scheme August 22, 2017 An investigation led by the Florida Department of Financial Services (DFS) Bureau of Insurance Fraud has led to the arrest...
Swiss Re: Miami Is More Vulnerable to Hurricanes Like Andrew August 10, 2017 By Jennifer Kay Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic...
Florida’s Citizens Policy Count Reaches Lowest Level on Record January 21, 2016 Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company...