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The Florida Office of Insurance Regulation has issued an order establishing the 2015 rates for Citizens Property Insurance Corporation’s personal lines programs. The statewide average homeowners rate decrease is 3.7%, which is a slightly greater reduction than the 3.4% decrease filed by Citizens. The OIR’s order sets rates for Citizens Homeowners’, Dwelling Fire, Mobile Homeowners and Mobile Homeowners Physical Damage policies. […]
property insurance, Florida Hurricane Catastrophe Fund, hurricane season, Citizens Property Insurance Corporation
Citizens Property Insurance Corporation, Kevin McCarty, property insurance, hurricane season, Office of Insurance Regulation
Travis Miller discusses Citizens Board of Governors recent recommendation of a statewide average decrease of 2.9% for its personal residential programs in 2015.
Over the last few years, we have grown accustomed to talking about Citizens Property Insurance Corporation’s rates being inadequate and serving as an impediment to policies finding coverage in the admitted market. However, as the rate glide path in 2010 has continued to take effect each year, an increasing number of insurers have been assuming […]
Citizens Property Insurance Corporation has announced that it will not add renewal policies to its clearinghouse until closer to November 1 rather than August or September as previously planned. Currently, new business entering Citizens goes through the clearinghouse process, which allows participating insurers to identify policies meeting their desired underwriting criteria and make offers of coverage […]
Atlantic Hurricane Season, Florida CAT Fund, OIR, hurricane season, Citizens Property Insurance Corporation, Insurance Regulation
Citizens Property Insurance Corporation, property insurance, Florida Hurricane Catastrophe Fund, hurricane season, Office of Insurance Regulation
As with prior legislative sessions, the 2014 session began with a variety of competing proposals affecting Citizens Property Insurance Corporation, many of which were intended to continue efforts to significantly reduce the size of the residual market. However, by the end of the session, the more ambitious proposals such as allowing surplus lines insurers to […]
State Board of Admin, OIR, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation, Insurance Regulation
