Tag: Citizens Property Insurance Corp.

Staff ReportsOctober 11, 2016
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3min400
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
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4min332
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
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10min407
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
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4min347
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
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4min451
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 6, 2016
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2min313
Florida regulators have agreed to allow private companies take over nearly 70,000 policies from Citizens Property Insurance Corp., the state-run insurer of last resort. “The Office of Insurance Regulation has determined that these companies have the experience and financial security to offer takeout policies for this number of policies,” Michael Peltier, a spokesman for Citizens, […]

Peter SchorschSeptember 2, 2016
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4min436
As the Sunshine State enters peak hurricane season, a consumer advocacy group is calling on state lawmakers to “get serious’’ about insurance fraud related to Assignment of Benefits, an increasingly widespread abuse that could raise costs for all Floridians. That’s the position of the Consumer Protection Coalition, which claims AOB abuse has led to skyrocketing […]

Mitch PerryAugust 25, 2016
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6min738
During a radio debate Thursday, House District 68 Democrat Ben Diamond challenged what exactly his opponent, Eric Lynn has done in the community, while Lynn turned around to question Diamond’s independence when it comes to the insurance industry. Those two exchanges came toward the conclusion of a 38-minute debate on Tampa radio station WMNF 88.5 this afternoon, when the […]

Michael MolineAugust 18, 2016
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8min532
Don’t blame us for rising premiums, administrators of Florida’s high-risk property insurance pool told state regulators Thursday — blame lawyers and unscrupulous building contractors. And a bunch of burst pipes and overflowing washing machines in South Florida. John Rollins, chief risk officer for Citizens Property Insurance Corp., pointed to an increased use since 2013 of […]


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