Lawmakers in the Florida Senate have taken steps to return the state-backed insurer Citizens Property Insurance Corp. to its original purpose of being a market of last resort by requiring it to charge actuarially sound rates and restrict the number …
New leadership now controls Florida’s Republican-led Legislature, where the loquacious Don Gaetz presides in the Senate and 33-year-old Will Weatherford steps into the biggest test of his political career as speaker of the 120-member House of Representatives. As the nine-week …
The state-backed Citizens Property Insurance Corp. has hired a journalist to help the frequently embattled insurer with its image. Citizens’ legislative affairs director Christine Ashburn announced the appointment of Mike Peltier as the company’s media relations manager. The 52-year-old Peltier …
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 …
Citizens Property Insurance Corp. President Barry Gilway said Tuesday he made a “dumb decision” in how he went about abolishing the firm’s Office of Corporate Integrity earlier this year.Gilway conceded it was a mistake to do away with the office …
The Florida Supreme Court has put off a decision on whether Citizens Property Insurance Corp. can use its status as a state-backed entity to avoid lawsuits. The high court ruled in a 5-2 opinion on Thursday that Citizens prematurely appealed …
Florida’s state-backed property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus in order to address a growing wave of criticism from lawmakers, elected officials, and consumer groups. Citizens …
The incoming Florida House speaker is asking the chairman of the state-backed Citizens Property Insurance Corp. to postpone a key depopulation strategy to give lawmakers a chance to review it. Speaker-designate Will Weatherford wrote Citizens’ board chairman Carlos Lacasa with …
