About the time you open this week’s newsletter, the Citizens Property Insurance Corporation rate hearing will begin. Of note in the rate filing details is a proposal by Senator Jeff Brandes and approved by …
So what of these concerns that fraud, excessive litigation, and growing reinsurance costs are causing market contraction among property insurance companies and forcing more homeowners into Citizens Property Insurance Corporation, the state’s taxpayer-backed “insurer of …
In our November 30 edition, we shared the FSU Florida Catastrophic Storm Risk Management Center report Citizens Exposure Reduction and Depopulation Opportunities Analysis. The study was contracted by Citizens Property Insurance Corporation to identify …
This past week was a significant one on the Florida insurance litigation front, with decisions in two major cases. But first, some levity to help start your Monday morning and a new workweek on the right foot that also has …
The Assignment of Benefits (AOB) contract has been a favorite tool of Florida plaintiff attorneys and contractors in manipulating unsuspecting homeowners to sign over all of their insurance rights and then produce inflated claims, plus hefty …
Steve Bitar, the former Chief of Underwriting and Agency Services for Citizens Property Insurance Corporation is leaving Citizens at the end of this week to become the Chief Executive Officer of Olympus Insurance Company, …
This past week’s Citizens Property Insurance Board meeting had several educational and helpful agenda items including one that could eventually change the face of Florida’s backup homeowners insurance market. Meanwhile, Demotech continues its review …
At Thursday’s Citizens Property Insurance Corporation public rate hearing, company President & CEO Barry Gilway told the audience it wasn’t the $2 billion in combined losses from Hurricanes Irma and Michael that are prompting a …
Assignment of Benefits (AOB) abuse is being blamed in part for Citizens Property Insurance Corporation’s recent 8.2% average rate increase in personal lines which becomes effective this September. The state’s insurer of …
