Florida Citizens Property Insurance Corp. News

Hurricane Irma’s ‘Last Gasp’: 3-Year Claims Deadline Put to the Test

It’s been 3 years since Hurricane Irma made landfall in Florida as a Category 4 storm, and the trail of damage left in its wake is still being felt across the state today, particularly by the insurance industry as it …

Citizens to Implement New Lobbyist Registration System Aug. 1

Citizens Property Insurance Corp., the Florida state-run insurer of last resort, has devised a new policy requiring lobbyists seeking to lobby the insurer to register via a new online registration system. The new corporate policy comes in response to a …

Update: Florida CFO Wants Lobbyist Registration Requirement for Citizens

Editor’s Note: This story has been updated from a previous version with comment from the CFO’s office. Florida Chief Financial Officer Jimmy Patronis wants to see requirements put in place for those lobbying the state-run insurer of last resort, Citizens …

Citizens’ Takeout Program Undergoing Changes; Says Assessments Unlikely

Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need policyholder assessments next year. Citizens …

Florida Approves Rate Cuts for Citizens Property Customers

Florida’s insurance regulator has approved rate decreases for policyholders of Citizens Property Insurance Corp. The approval means for the first time in five years a majority of the state-backed insurer’s 998,800 policyholders will see rates go down on average. Florida …

Florida’s Citizens to Shave Operating Costs by Consolidating Offices

Florida’s state-backed property insurer is seeking to control its operating costs by consolidating its office space, a move expected company officials say could save almost $12 million over the next five years. Citizens Property Insurance Corp. currently has offices in …

Florida Agents Near Deadline to Accept Citizens’ Appointment

Florida insurance agencies and agents have just a few days left to decide whether or not to agree to the state-backed property insurer’s new appointment guidelines. Citizens Property Insurance Corp. revamped its agent appointment process in September in preparation for …

Florida Officials Select Meeks as Citizens Property Insurance’s Inspector General

Florida Gov. Rick Scott and members of the Florida Cabinet announced Bruce Meeks has been selected to fill the newly created post of inspector general for Citizens Property Insurance Corp., the state’s largest insurance company and a taxpayer-backed entity.The inspector …