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Citizens Property Insurance Corporation is changing the depopulation process for personal lines assumptions taking place on and after February 21, 2017. The changes are intended to increase policyholder choice and bring greater efficiency to the process for policyholders, agents, takeout companies and Citizens. The new process is based, in part, changes required by HB 931, which passed […]
insurer ratings, water damage claims, Demotech, property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
Florida Legislature, Citizens Property Insurance Corporation, Insurance Regulation News, Florida insurers, water damage claims, CFO Atwater, Florida Chamber of Commerce, Homeowner's Insurance
AOB Claims, assignment of benefits, property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
As we begin 2017, we can expect some of the high profile issues addressed early in the year to be continuations of issues that gathered significant attention in 2016. One of the hottest topics early in the year is likely to be the state of Florida’s workers’ compensation insurance market. Beginning with reforms made in […]
The maximum personal residential coverage limits available from Citizens Property Insurance Corporation decreased as of January 1, 2017, in accordance with a law passed in 2013 providing for a gradual step-down in the limits. Effective January 1, the following risks are no longer eligible as new business or renewals: A structure that has a dwelling replacement […]
As required by a law passed in 2013, the maximum Coverage A amounts for Citizens Property Insurance Corporation’s personal residential coverage have been reduced again effective January 1, 2017. The following new business and renewals for personal residential risks are no longer are eligible for coverage in Citizens: A structure that has a dwelling replacement […]
water damage claims, Florida Department of Financial Services, insurance fraud, Citizens Property Insurance Corporation
As 2016 winds to a close, we can look back and see the impact this year’s events had on the Florida insurance market. In the property and casualty sector, we saw two hurricanes affect Florida after a decade without hurricanes. Fortunately, Hurricane Hermine remained a relatively small storm, and Hurricane Matthew stayed just offshore enough […]
AOB Claims, water damage claims, AOB, property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
