Yet some in Congress worry
After another successful takeout period by state-backed Citizens Property Insurance and a resulting and welcoming drop in its policy count, some in Congress are now taking an interest in Citizens’ risk portfolio. They want to …
Missing: affordable reinsurance
More proposed rules are in the pipeline with a workshop tomorrow to implement some of Florida’s most recent property insurance market reforms, five insurance companies get the okay to takeout up to 186,000 policies from Citizens Insurance …
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 …
End of Special Session on Property Insurance, Hurricane Ian Relief
The Florida Legislature ended its special session this afternoon (December 14, 2022) passing a package of reforms addressing the dire escalating issues in our property insurance market and providing economic …
Special Session on Property Insurance, Hurricane Ian Relief
The Florida Legislature this morning begins its scheduled week-long special session focused on addressing the dire escalating issues in our property insurance market and providing economic relief for Hurricane Ian victims. The …
Further signs of a deteriorating property insurance market
Although no official proclamation had been issued as of last night, the new Florida Legislature is poised to meet a week from today (December 12) in a week-long special session to address …
Citizens Insurance at a crossroads
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 …