Jacob OglesMarch 9, 2021
8min2462
Revamp could impact attorney fees, roof claims moving forward.
Tag: property insurance
Jacob OglesMarch 9, 2021
Wire ServicesJanuary 25, 2021
8min987
The Citizens Board will take up a plan that includes an average 7.2% hike.
Wire ServicesSeptember 23, 20205min374
Citizens likely will be above 540,000 policies by the end of this year.
Ryan NicolJanuary 21, 2020
7min861
The committee also agreed to a new amendment on the bill.
Staff ReportsJanuary 21, 2020
3min478
The group wants an end to fee multipliers
Renzo DowneyJanuary 13, 2020
6min445
Exiting capital and burdensome debt prompt the stability downgrade.
Michael MolineOctober 16, 2018
5min198
Hermine — $139 million. Matthew — $1.2 billion. Irma — 10.4 billion. Michael — who knows at this stage, but last week’s Category 4 hurricane, the most powerful storm to hit the Florida Panhandle in recorded history, will wind up costing the insurance companies plenty. Still, Florida’s industry — uniquely dominated by smaller players since […]
Ana CeballosNovember 3, 2017
4min262
Republican Sen. Anitere Flores, who represents the Irma-battered Florida Keys, said Friday that property insurance will be the “main” insurance issue she will tackle in the upcoming legislative session. “I made some promises to myself over the summer that I was going to have a much calmer session this year, and not be in the […]
Michael MolineMarch 15, 2017
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 […]
Michael MolineDecember 7, 2016
7min495
“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 […]