Citizens Property Insurance Corp. News
Florida Regulators Unveil Ratings Crisis Solution: Let Citizens Reinsure Carriers
Florida's insurance commissioner announced Wednesday that his office has found an "unprecedented solution" to the looming property insurer rating crisis — let Citizens Property Insurance Corp. ...
Citizens Adds Thousands of Policies but Has Yet to Complete Reinsurance Needs
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting ...
Florida’s Citizens Pushes Policy Changes to Address Rising Water-Loss Claims
Citizens Property Insurance Corp.'s board of governors has approved a slate of recommendations aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress ...
Florida Citizens Pushing for Policy Changes
Florida's largest property insurer wants to eliminate caps on rate hikes and limit what homeowners can do if they have water damage. The state-created Citizens Property Insurance Corp. is pushing for ...
Florida Citizens to Ask for Rate Hikes in 2016
Florida has dodged hurricanes for the last decade, but the state's largest property insurer says it needs to keep hiking the rates paid by those customers who live along the coast and in heavily ...
Florida Insurance Still Pricey Despite Storm-Free Seasons
Living in a (semi)-tropical paradise has a price—and apparently, not even going nine years without a major hurricane strike will change that. While Florida's property insurance market has ...
HCI Group Subsidiary Assumes 36,000 Policies From Citizens
Homeowners Choice Property & Casualty Insurance Co. Inc., a wholly owned subsidiary of HCI Group Inc., has assumed approximately 36,000 homeowners policies from Florida's Citizens Property ...
United Insurance Holdings Corp. Takes on Citizens’ Florida P/C Policies
United Insurance Holdings Corp. said it has initiated the takeout of more than 37,000 personal and commercial residential policies from Citizens Property Insurance Corp. in Florida. The transition ...