As of this month, most Florida Citizens Property Insurance Corp. claims disputes will now be heard and decided by the state Division of Administrative Hearings, not in a court of law. Officials at Citizens and at DOAH aren’t expecting a …
He waited until the Florida Legislature had passed long-sought reforms, but now Citizens Property Insurance Corp. CEO Barry Gilway is ready to retire after almost 11 years at the helm. Gilway announced at the Citizens Board of Governors meeting today, …
Direct losses, litigation and other expenses from Hurricane Ian will reach $3.8 billion for Florida’s Citizens Property Insurance Corp., but that’s still below the threshold that would trigger an assessment on policyholders, officials said Tuesday. The $3.8 billion loss level …
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages, according to CoreLogic, the …
Recent developments have sparked new debate about the role that Citizens Property Insurance Corp. should play in Florida’s rapidly shifting property insurance market, with potential changes that could affect agents, other carriers and homeowners for years to come. At a …
Three months after Charlie Lydecker was appointed to the Florida Citizens Property Insurance Corp. Board of Governors, some are questioning that appointment after his involvement with another, highly criticized program that provides care for brain-injured children. The Miami Herald newspaper …
Florida’s Citizens Property Insurance Corp., created by lawmakers as a last-resort option, has become the largest property insurer in the state with more than 1 million policies in force – and growing. Stakeholders did not celebrate the milestone and some …
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 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 …
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 …
