Florida Citizens depopulation News

Florida Market Study Will Evaluate Exposures, Strategies for Citizens Property Insurance

Citizens Property Insurance Corp., Florida’s insurer of last resort, has moved forward with an independent study that will evaluate the insurer’s potential exposures from the state’s troubled property insurance market. The Citizens’ Board of Governors voted at its last meeting …

Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten

Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers raising rates and restricting coverage. Prompted by a request from Florida …

Florida Regulators Approve 50K Citizens Policies for October Takeouts

The Florida Office of Insurance Regulation has approved the following companies to participate in the October Citizens Property Insurance Corporation take-out period. For the Oct. 17, 2017 Personal Residential Take-Out Period: Safepoint Insurance Company – approved to remove up to …

Florida Approves Nearly 1,500 Citizens Commercial Policies for July Takeouts

The Florida Office of Insurance Regulation (OIR) has approved the following company to participate in the July Citizens Property Insurance Corporation (Citizens) take-out period. For the June 20, 2017 Commercial Residential Take-Out period: Weston Insurance Company – approved to remove …

10K Florida Personal Lines Policies Approved for Citizens Takeouts

The Florida Office of Insurance Regulation (OIR) has approved one company to participate in the June Citizens Property Insurance Corporation take-out period. For the June 20, 2017 Personal Residential Take-Out Period: Weston Insurance Co: – approved to remove up to …

Florida Approves 15K Citizens Policies for April Take-Outs

The Florida Office of Insurance Regulation (OIR) has approved the following company to participate in the April Citizens Property Insurance Corp. take-out period. April 18, 2017 Personal Residential Take-Out Period: Southern Oak Insurance Co. – approved to remove up to …

Florida Approves 97K Policies for December Take-Outs from Citizens

The Florida Office of Insurance Regulation (OIR) has approved a total of 97,390 policies for December take-outs from Citizens Property Insurance Corporation by the following companies. December 20, 2016 Personal Residential Take-Out Period (total of 95,465): Avatar Property & Casualty …

Up to 15,000 Policies Approved for Removal from Citizens by Florida

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 15,000 personal residential policies from Citizens Property Insurance Corp. for the July 19, 2016 take-out period. The following company has been approved to participate: Southern Oak …

Florida Approves 81,500 Citizens Policies for May 2016 Take-Out

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 80,000 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation (Citizens). The following three companies have been approved to participate: Anchor Property …

Florida Lawmakers Reintroduce Bill Limiting Citizens’ Take-Out Letters

Florida legislators may try once again give additional protections to customers of Citizens Property Insurance. A Senate panel on Feb. 25 approved a bill that would put a limit on how many times a year a homeowner could be asked …