News & Updates

Citizens Property Insurance Corporation

Citizens Defers Action on Rates

Citizens Defers Action on Rates

Citizens Property Insurance Corporation is delaying action on a proposed 2019 rate filing while it continues to look for ways to address concerns with assignments of benefits.  Citizens’ board recently decided to defer a proposed 7.9% statewide average increase for its personal residential programs.  The indicated rate need is much higher in some areas, but […]

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Session Heads Into Final Week

Session Heads Into Final Week

The 2018 Florida legislative session is drawing to a close, barring any extensions or subsequent special sessions.  This year’s session has been unusual for issues outside of the typical annual cycles of budgets and other expected business.  The 2018 session began with a lot of attention directed to the range of relationships between legislators, staff […]

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Citizens Discusses Financial Soundness Following Irma

Citizens Discusses Financial Soundness Following Irma

Citizens Property Insurance Corporation recently updated its Hurricane Irma response and discussed the financial impact of the storm as the 2017 hurricane season has now drawn to a close.  Citizens reports that Irma will produce an estimated $1.2 billion in insured losses, but points out that the losses remain well within its claims-paying capacity. Citizens has […]

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