Florida Citizens pays 20% more risk-adjusted, for 53% smaller renewal
Citizens Property Insurance Corporation, Insurance Regulation News, property insurance
News & Updates
Citizens Property Insurance Corporation
Florida Market Study Will Evaluate Exposures, Strategies for Citizens Property Insurance
Citizens Property Insurance Corporation, Insurance Regulation News, property insurance, florida state university, Exposure Reduction Study
Rate Hearings Point to Continuing Concerns
In December 2019, Joe Petrelli of Demotech, Inc. sent a letter of Barry Gilway of Citizens Property Insurance Corporation describing several concerns with Florida’s residential property insurance market. Petrelli mentioned that several insurers could see downgrades to their Financial Stability Ratings. He acknowledged that last year’s assignment of benefits (AOB) reforms might be beneficial later. […]
Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims
Citizens Property Insurance Corporation, Insurance Regulation News, property insurance, Florida Office of Insurance Regulation, Hurricane Michael claims
Home insurance rates keep climbing, along with lawsuits. Will it ever end?
Citizens Property Insurance Corporation, Insurance Regulation News, Homeowner's Insurance, hurricane claims, insurance rates
Governor Signs AOB Reform Bill
Governor Ron DeSantis has signed HB 7065 reforming the use of assignments in Florida’s property insurance market. He also signed HB 337 relating to Florida’s court system and also accelerating the effective date of HB 7065’s attorney’s fee revisions. Most of the law changes relating to assignments of benefits (AOB) take effect July 1. However, […]
Personnel note: Bo Rivard named to Citizens Insurance Board of Governors
Citizens Property Insurance Corporation, Insurance Regulation News, Board of Governors, CFO Jimmy Patronis
House plan would shift AOB savings to policyholders
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, assignment of benefits, AOB Claims, HB 7065
Solid data backs Citizens Property Insurance push for AOB reform | Opinion
Citizens Property Insurance Corporation, Office of Insurance Regulation, Department of Financial Services, Insurance Regulation News, property insurance, assignment of benefit claims
Senate debate opens over restriction of one-way attorney fees
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, assignment of benefits, Senate Banking and Insurance Committee, AOB Claims