Home insurance rates keep climbing, along with lawsuits. Will it ever end?
insurance rates, hurricane claims, Homeowner's Insurance, Insurance Regulation News, Citizens Property Insurance Corporation
News & Updates
Citizens Property Insurance Corporation
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
CFO Jimmy Patronis, Board of Governors, Insurance Regulation News, Citizens Property Insurance Corporation
House plan would shift AOB savings to policyholders
HB 7065, AOB Claims, assignment of benefits, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Solid data backs Citizens Property Insurance push for AOB reform | Opinion
assignment of benefit claims, property insurance, Insurance Regulation News, Department of Financial Services, Office of Insurance Regulation, Citizens Property Insurance Corporation
Senate debate opens over restriction of one-way attorney fees
AOB Claims, Senate Banking and Insurance Committee, assignment of benefits, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Editorial: Florida right to ‘freeze’ insurance
Hurricane Michael, David Altmaier, property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
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 […]
What the Florida Industry Needs to Know for the 2018 Hurricane Season
hurricane season 2018, hurricane coverage, Florida Office of Insurance Regulation, property insurance, Citizens Property Insurance Corporation
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 […]