Florida Citizens Property Insurance Corp. News
Florida’s Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
Florida's Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. ...
Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks
In the long conflict between insurance carriers and public claims adjusters, Florida's Citizens Property Insurance Corp. has unexpectedly altered the rules of engagement in a way that could have a ...
Legislative Reforms to Curb Legal System Abuse Led to Stabilized Florida P/C Market: Triple-I
Florida's legislative reforms to address legal system abuse and claim fraud are stabilizing the state's property/casualty insurance market, according to a new Issues Brief published by the Insurance ...
Florida Citizens’ Brass Tired of ‘Clickbait’ News on Its Hurricane Claims Denials
Officials with Florida's Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that have suggested the insurer has the "worst rate" on paying claims ...
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 Citizens Board Votes to Raise Rates 14%, But Litigation Costs Dropping
The board of governors for Florida's state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14 percent statewide – near the ...
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 Bills Would Let Surplus Lines Do Takeouts and Require More Data Reporting
A key Florida Senate committee last week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and ...
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has "not been solvent" and may ...