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 billion-dollar return to Florida auto policyholder
Florida insurance regulators are changing the way they look at property insurance claims complaints, USAA Insurance will be returning almost $1 billion to its Florida policyholders, Citizens Property Insurance is managing to …
Citizens Property Insurance now actuarially sound
The feds approve a disaster declaration for Florida agriculture, auto insurance rates in Florida take another dive, the state’s insurer of last resort now has actuarially sound rates in key lines, plus the legislature …
Plus, pushback on wind mitigation regulation
An early end to a hurricane assessment fee on Florida property insurance policies, the “big ask” that Florida regulators are making to insurance companies, a new crackdown on unlicensed warranty companies in the Sunshine …
Citizens to drop rates in 2026
Hurricane Milton claims continue to rise, Citizens Property Insurance’s policy count reaches a new low as it prepares to file its first rate decrease in 10 years, plus the role ongoing depopulation is playing …
CFO targeting insurance carriers, businesses on immigrants
Citizens Property Insurance approaches its lowest policy count ever, the CFO plans to target insurance companies over illegal aliens driving in Florida, workers’ comp insurance rates fall for the ninth straight year, a …
A sea of good news prevails for insurance consumers
Governor DeSantis makes a splash in Bermuda with the reinsurance community, the “tort reform dividend” to Floridians is promoted nationally, another auto insurance company drops rates again, plus Citizens Property …
New challenges to its alternative dispute resolution program
When the Citizens Property Insurance Board of Governors meets this Wednesday (September 24, 2025), it will receive some welcome news: litigation has dropped by more than one-third so far this year over …
How Citizens is losing policies
Hurricane Helene and Milton Florida insurance claims now total $7.3 billion with more than 90% of claims closed, Citizens Property Insurance reports continued success in its depopulation and new agent clearinghouse while litigation declines, Uber …
Plus, a proposed alternative to workers’ comp
Citizens Property Insurance continues its streak of handing-off policies to the private market, regulators reveal changes to Florida’s storm mitigation discount credits, plus an alternative to workers’ compensation insurance may be offered Florida …