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 …
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 …
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 …
Fears of foreclosure, reinsurance costs, lawmaker investors
A dire warning from a South Florida county commissioner on an impending condominium foreclosure crisis due in part to ever-rising insurance costs, how to stop the “rollercoaster ride” of reinsurance pricing, and Citizens …
Only 3 of 10 policies are leaving
As the state-backed Citizens Property Insurance Corporation awaits a formal decision by regulators on its revamped 11.5% homeowners insurance rate hike request, its efforts to shed policies to the private market is succeeding …