Citizens Property Insurance Corp. News
California vs. Florida: A Tale of Two Insurance Markets
Until recently, homeowners insurers weren't allowed to use catastrophe models to justify needed rate increases, or to include the cost of reinsurance in their rate indications in the state of ...
Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens
A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state ...
Florida Homeowners Insurer of Last Resort Proposes 13.5% Rate Hike for 2025
Citizens Property Insurance has asked its corporate board to approve a recommendation for a 2025 rate increase. The insurer of last resort in Florida says the rate package is necessary due to recent ...
CEO of Florida’s Citizens Pushes Back on Lawmaker’s Solvency Questions
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments ...
Florida OIR Approves Another 54,000 Citizens Takeouts; More Coming if Bills Pass
Florida's Insurance Commissioner last week approved another round of takeouts from the state-created Citizens Property Insurance Corp., with assumption dates in May. That brings the total takeouts ...
Florida Market Improving: Less Red Ink Spilling on Bottom Lines
Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. In addition, two more property insurance companies are preparing to enter ...
State Insurers Weather Hurricane Idalia Amid Florida Market Pullback
Florida-only insurers such as Citizens Property Insurance anticipate fewer losses from Hurricane Idalia than from previous storms in the state, even as industry experts expect further insurer ...
Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market
Stakeholders near and far are hailing a record number of takeouts from Citizens' Property Insurance Corp. as a sign that the troubled Florida insurance market is ...
