Takeout program for the private market leads the list
Contained within the FEMA Review Council’s final report is perhaps one of the most important and far-reaching changes for the Sunshine State – a proposal to jettison National Flood Insurance Program …
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 …
Plus, new reinsurance proposal
The first major takeout of Citizens Insurance policies in three years, the wait for a new reinsurance lifeline for Florida insurance companies, a strict interpretation of AOB cancellation provisions, plus Citizens reveals required flood insurance counts …