News & Updates

Citizens Property Insurance Corporation

Governor Signs AOB Reform Bill

Governor Signs AOB Reform Bill

| Written By: Travis Miller | Insurance

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, […]

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Citizens Defers Action on Rates

Citizens Defers Action on Rates

| Written By: Travis Miller | Insurance

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

| Written By: Travis Miller | Insurance

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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