Florida Politics - Campaigns & Elections. Lobbying & Government.

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 […]

Michael MolineSeptember 6, 2016

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

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

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

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 […]

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 […]

Jim RosicaMarch 11, 2016

March 11 is not only the final day of the 2016 Legislative Session, but it’s also the last day to apply for state Insurance Commissioner. As of Friday morning, 47 people had applied for the position, but none were “marquee” names. For instance, former state Rep. Tom Grady previously told FloridaPolitics.com he wasn’t interested in the job. […]

Jim RosicaFebruary 15, 2016

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Former state Rep. Tom Grady on Monday said although he thinks being Florida Insurance Commissioner would be “an interesting job,” he doesn’t have any plans to try for the position. “I haven’t applied. I don’t expect to apply,” he told FloridaPolitics.com. “It was flattering to hear my name batted about as a leading contender.” Gov. Rick Scott […]

Tag: Citizens Property Insurance Corp.

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

Regulators OK shift of 70,000 policies from Citizens Insurance

Consumer Protection Coalition call for reforming Assignment of Benefits abuse in 2017 Session

Ben Diamond and Eric Lynn confront each during WMNF radio debate

Dodgy contractors share blame for high rates, last-chance insurer says

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

Sine die and deadline to apply for Insurance Commissioner job both Friday

Tom Grady says he won’t apply for Insurance Commissioner