Florida Politics - Campaigns & Elections. Lobbying & Government.

Michael MolineDecember 7, 2016

“Out of control” litigation costs are slowing efforts by Florida’s property insurer of last resort to shift risk onto private insurers, and may lead to aggressive restrictions on claims for water damage, the organization’s president said Wednesday. Rising litigation “is driving 80 percent of our attention and time,” Barry Gilway warned during a meeting of […]

Michael MolineSeptember 30, 2016

State regulators approved premium increases Friday for commercial policies issued by Citizens Property Insurance Corp., including a nearly 12 percent increase for condominium association common property in wind-vulnerable coastal areas. Premiums on those policies would increase by 11.9 percent effective Feb. 1. Citizens had sought an increase of 12 percent. Multi-peril policies for other condo […]

Lloyd DunkelbergerJuly 19, 2016

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The Citizens Property Insurance Corp. board of governors Tuesday approved a $1.8 million contract with a company that will examine escalating water damage claims from policyholders and determine whether the charges are excessive. “The goal is to identify inflated or excessive charges on invoices from contractors that have performed water damage restorations for Citizens’ policyholders […]

Tag: Citizens Property

Citizens Insurance chief sees ‘absurd’ rise in litigation expenses

Regulators approve increases in Citizens Insurance commercial premiums

Citizens Insurance to spend $1.8M for investigating water damage claims