Tag: Citizens Insurance

Staff ReportsOctober 17, 2018
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4min490
Amid post-Hurricane Michael warnings to homeowners against signing assignment of benefits (AOB) agreements comes a defense of these contracts from the Restoration Association of Florida. “We are extremely concerned about multiple advisories warning homeowners not to sign any contracts containing assignment of benefits (AOB) language,” association spokeswoman Amanda Prater said in a written statement. The trade association represents water, […]

Michael MolineAugust 22, 2018
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6min1023
Chris Gardner is out as chairman of Citizens Property Insurance Corp., Florida’s state-sponsored insurer of last resort, Chief Financial Officer Jimmy Patronis announced Wednesday. Board member Gary Aubuchon will serve as interim chairman until Patronis names a permanent replacement. In a statement, Patronis referred to Gardner’s “resignation,” although Gardner had made it known he was interested in remaining […]

Michael MolineMarch 15, 2017
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1min391
Citizens Property Insurance Corp. can buy back some $300 million in reinsurance against a catastrophic storm because the risk of that happening is now projected to have fallen. The company’s board of governors voted unanimously to approve the move during a conference call Wednesday. Citizens, Florida’s property insurer of last resort, bought the coverage from […]


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