Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, officials said this week. “There’s no …
Citizens Property Insurance Corp., Florida’s residual but still-largest property insurer, has posted new information about when and where flood insurance is required for policyholders. The Florida Legislature last year approved Senate Bill 2A, making big changes to laws governing claims …
When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back toward the beleagured primary …
Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher premiums for homeowners. “This is what …
Florida insurance agents will soon be able to access a new online clearinghouse platform designed to make it easier to steer policyholders away from the still-growing, state-created Citizens Property Insurance Corp. The $35.7 million investment, approved by the Citizens Board …
Florida regulators are reminding carriers that the deadline to participate in the November round of takeouts from Citizens Property Insurance Corp. is fast approaching. Carriers must submit an application by July 28, the Florida Office of Insurance Regulation said in …
The Florida Office of Insurance Regulation will hold a rate hearing Thursday, June 8, on Citizens Property Insurance Corporation’s proposed 12.5% average increase for homeowners and larger increases for other types of policies. The state-created insurance company, established more than …
Florida authorities have charged a Miami man – who has a long record of criminal and civil cases under his name – with insurance fraud after investigators found that some $300,000 in claims were linked to pre-exiting damage to his …
Policyholders with the now-insolvent United Property & Casualty Insurance Co., who have existing damage and who have been assumed by Citizens Property Insurance, will have an extra 90 days to show that repair contracts have been signed, Citizens’ officials announced …
Investigators with Citizens Property Insurance Corp. are looking into a website that looks a lot like Florida’s largest property insurance carrier but may actually be fraudulent. “These sites typically ask for credit card or other personal information under the guise …
