Property insurance market more stable
Office of Insurance Regulatiom, property insurance, Florida Legislature, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
News & Updates
Citizens Property Insurance Corporation
Session Outlook 2014: Insurance
Office of Insurance Regulation, flood insurance, property insurance, Florida Legislature, Florida Hurricane Catastrophe Fund, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
Trial Bar Opposes Citizens Sinkhole Repair Program
A proposal that would facilitate the repair of homes insured by Citizens Property Insurance Corporation is gaining support but is opposed by the trial bar. The Senate Banking and Insurance Committee advanced a bill that would adopt a form of “managed repair” program for Citizens’ sinkhole claims. Citizens president Barry Gilway favors the proposal as a way […]
Citizens Clearinghouse Launches
Citizens Property Insurance Corporation launches its clearinghouse for new business today. The 2013 Florida legislature authorized the clearinghouse as a method of reducing the inflow of new business into Citizens when private market insurers are willing to write the policies. The clearinghouse is only available for new business entering Citizens but later this year is […]
Guest Opinion: 10-step plan could end property insurance blues
insurance commissioner, OIR, property insurance, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
New Year to Bring Continued Discussion of Property Issues
The beginning of a new year always brings with it an acceleration of Florida’s consideration of key public policy issues affecting the insurance industry. Activity in Tallahassee slows down in the second half of December, soon followed by the realization that the next legislation will be here quickly. For the property insurance industry, this means […]
Citizens Clearinghouse Launching in Late January
Citizens Property Insurance Corporation anticipates launching its clearinghouse on January 27, 2014, instead of January 2 as originally intended. Speaking before the Senate Banking and Insurance Committee, Citizens president Barry Gilway said that moving the date back “gives us the opportunity to conduct far more user-acceptance testing, and, with a much more degree of confidence when we […]
Senate Bill Would Create Citizens Sinkhole Repair Program
Senator Wilton Simpson has filed a bill that would create a “Sinkhole Stabilization Repair Program” within Citizens Property Insurance Corporation. Senate Bill 416 would encompass sinkhole claims filed against Citizens and would require that the land and structure be stabilized by making repairs to the foundation of the damaged structure. The program would require repairs to be made by Citizens-approved contractors. The bill […]
Citizens changes tack, will cover homes with prior sinkhole claims
homeowners, sinkhole insurance, residential insurance, Office of Insurance Regulation, Citizens Property Insurance Corporation
Some home insurers seek rate decreases
homeowners, property insurance, Office of Insurance Regulation, Citizens Property Insurance Corporation