Citizens Property Insurance Corp. has filled a pair of key positions. Jennifer Montero will become Citizens chief financial officer. Montero, a certified public accountant who has served as interim CFO since June, has been with Citizens and its predecessor organizations …
Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies will see a 4.4 percent increase – or …
Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance companies absorb nearly 400,000 Citizens …
Florida’s state-backed property insurer has tapped a Connecticut-based firm to operate a new clearinghouse where new and renewal policyholders will be shopped to the private market before they are eligible for coverage. The Citizens Property Insurance Corp. board of governors …
Florida Chief Financial Officer Jeff Atwater has tapped Chris Gardner to be the new chair of the Citizens Property Insurance Corp. board of directors. Gardner has been a member of the Citizens board since July 11, 2011. He replaces outgoing …
Florida Gov. Rick Scott is sounding off anew against the state’s largest property insurer. Scott on Wednesday signed a bill that includes modest steps to shrink the size of the state-created Citizens Property Insurance Corp. The bill (SB 1770) creates …
It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight hurricanes to hit the state in 2004 and 2005. Yet even as the state has been spared …
A backlash is quickly growing against the decision of Florida’s largest property insurer to shift thousands of policies to a start-up insurance company. Just days ago Citizens Property Insurance Corp. narrowly approved an agreement that calls for paying $52 million …
Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s current 1.27 million policyholders. By an overwhelming margin …
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders while the chances for final legislative approval remain uncertain. Senate lawmakers have been working for months on …
