Policy depopulation, litigation, rates ‘good news for consumers’
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 …
Plus, a new hurricane warning
Governor DeSantis’ warning about Citizens Property Insurance, details on the next rate increase facing some Florida policyholders, how excess litigation is driving higher automobile insurance rates, plus what Florida disaster management officials will be doing …
New companies, new rankings
Can Citizens Property Insurance get the rate hike needed to reduce its competition with private market carriers, even as more of them are approved to takeout Citizens policies? Meanwhile, two more property insurance companies join the …
As it seeks maximum rate hike, takeouts
The 2022 Florida insurance marketplace reforms are having the desired effect for Citizens Property Insurance, with “significant shifts” reported in litigation. Meanwhile, the state-backed carrier went before regulators at a public hearing last …