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Staff ReportsDecember 14, 2016

The Property Casualty Insurers Association of America has thrown its weight behind the drive to control assignment-of-benefits fraud against insurance companies. The organization said in a written statement that it “will be encouraging public policymakers to explore ways to protect consumers better from contractor fraud and litigation abuses that frequently occur following major storms.” The statement […]

Staff ReportsDecember 7, 2016

State regulators cleared three private insurance companies to assume policies now provided by Citizens Property Insurance Corp., Florida’s state-run insurer of last resort. Effective in February, Avatar Property and Casualty Insurance Co. can take nearly 11,000 commercial and personal residential policies. Safepoint Insurance Co. was cleared to accept 15,000 policies, and Southern Oak Insurance Co. […]

Guest AuthorNovember 29, 2016

As the Nov. 30 end of the hurricane season approaches, Floridians should be thankful. While this year’s storms Hermine and Matthew brought an end to the state’s decade-long hurricane drought, they easily could have been stronger or cut a more destructive path. Indeed, had Hurricane Matthew tracked just 20 or more miles further west, it […]

Michael MolineOctober 12, 2016

Homeowners filing insurance claims following Hurricane Matthew might want to consider obtaining an independent appraisal of their storm damage. That advice Wednesday from two plaintiffs lawyers, one of whom is handling insurance claims arising from the recent floods in Louisiana, which he said provides a “snapshot” of what Florida can expect during the Matthew claims […]

Staff ReportsOctober 11, 2016

A coalition of business, consumer, and environmental groups found vindication Tuesday in the insurance industry’s ability to absorb the damage from Hurricane Matthew. Stronger Safer Florida in a news release credited “good luck and prudent decisions by the Florida Legislature” for the industry’s ability to weather the storm. Specifically, lawmakers and regulators invested in the […]

Michael MolineOctober 10, 2016

Citizens Property Insurance Corp. was quick to warn policyholders against signing away their rights in exchange for quick repairs following Hurricane Matthew. Meanwhile, the company announced the opening of two emergency operations centers to assist policyholders on the Space Coast. Florida’s insurer of last resort issued a press release Sunday urging policyholders to call the company […]

Michael MolineSeptember 28, 2016

Will next year’s legislative battle over workers’ compensation rates prove so all-consuming that other state priorities starve for attention? Fears that it might emerged during the quarterly board meeting this week of Citizens Property Insurance Corp., which wants the Legislature to clamp down on the assignment of benefits agreements blamed for driving up its own […]

Michael MolineSeptember 28, 2016

The directors of Florida’s property insurer of last resort voted Wednesday to recalibrate consumer incentives to discourage policyholders from ceding damage claims to third parties, including attorneys and contractors. Under new incentives, Citizens Property Insurance Corp. would pay for initial repairs to non-weather-related water damage — removing any water and drying out the property. These […]

Michael MolineSeptember 16, 2016

State regulators approved premium increases averaging 6.4 percent on homeowner policies issued by Citizens Property Insurance Corp., Florida’s state-run insurer of last resort. The Office of Insurance Regulation pared down that increase slightly from the 6.9 percent Citizens sought during a rate hearing last month. You can read the order here. The office approved rate […]

Michael MolineSeptember 16, 2016

Florida’s insurer of last resort has paid more than $90,000 in Hurricane Hermine claims. That was the tally as of Friday afternoon, with 618 claims still being processed. “Most of the claims have been filed for the Tampa Bay area — relatively far from where the storm landed,” said Michael Peltier, spokesman for Citizens Property […]

Tag: Citizens Property Insurance Corp.

Insurance group joins campaign for assignment-of-benefits reform

Regulators OK private insurers to assume Citizens Insurance policies

Christian Cámara: Reinsurance saved Florida from catastrophic losses

Plaintiffs lawyers advise independent appraisal of Matthew damage

Group: Florida’s disaster preparedness strategy paying off

Citizens Insurance, regulators warn of fraud post-Hurricane Matthew

Citizens Insurance fears being left in lurch during workers’ comp fight

Citizens Insurance juggles incentives in managed repair program

Citizens Insurance wins 6.4 percent increase in property premiums

Assessing Hermine: Citizens Insurance pays $90,000 in storm claims