The Citizens Property Insurance Board of Governors met last week to hear news of a series of record lows for the state-created company: in policy count, in Probable Maximum Loss (PML), and …
Citizens Property Insurance says it has submitted to political pressure to write commercial policies that it otherwise wouldn’t, another big Florida property insurance company announces rate cuts, the biggest jump in the Consumer Price …
After Governor DeSantis a week ago Friday signed tort reform bill HB 837 into law, some in the trial bar went into a bit of a meltdown, threatening to play hardball with the insurance industry, whom …
Happy New Year to you! We start this first edition of 2023 with a fond farewell to Citizens President, CEO, and Executive Director Barry Gilway, who announced just before Christmas that he will be retiring. While he will likely stick …
Many policyholders from insolvent insurance companies and from the dozen other carriers who’ve simply stopped or reduced their writing in Florida are ending up at Citizens Property Insurance Corporation, the state-created and taxpayer-backed “insurer of last resort.” …
When the Citizens Property Insurance Corporation Board of Governors last met in December they had a novel idea. Rather than spend another $250 million on reinsurance like it did in 2021 and get nothing for it given it …
Pending any legislative action that would help depopulate its burgeoning 750,000 policy count, the Citizens Property Insurance Corporation’s Board of Governors on December 15 approved the maximum rate increase currently allowed by law: 11% for the …
A few hours before that Senate Banking and Insurance Committee meeting, one of the two recipients of private admitted market policies was having a meeting of its own. The Citizens Property Insurance Corporation Board of Governors was getting …
Leadership of Citizens Property Insurance Corporation, the state’s insurer of last resort, are expressing concerns that the Surfside Tower collapse could have a series of negative consequences on the Florida marketplace and lead to an unwelcome repopulation …
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 …
