News & Updates

Citizens Property Insurance Corporation

Citizens to Propose Risk Load But Not a New Business Rate

Citizens to Propose Risk Load But Not a New Business Rate

| Written By: Travis Miller | Insurance

The Board of Governors of Citizens Property Insurance Corporation wresteld with the difficult issue of the residual market’s rate levels at its board and committee meetings last week.  Citizens’ rates receive a lot of attention in the media, and admittedly present a unique challenge for this state.  Citizens has a substantial share of the market, […]

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Consumer Advocate Questions Citizens Mitigation Program

Consumer Advocate Questions Citizens Mitigation Program

| Written By: Travis Miller | Insurance

Florida’s Insurance Consumer Advocate Robin Westcott raised concerns about Citizens Property Insurance Corporation’s mitigation reinspection program at its recent board and committee meetings.  Ms. Westcott also issued a press release saying that the inspection process is confusing, has inequitable results, and serves as a threat to Florida’s already vulnerable economy. “The current inspection process is working against the very […]

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An Early Look at the 2013 Legislative Agenda

An Early Look at the 2013 Legislative Agenda

| Written By: Travis Miller | Insurance

The campaign commercials on TV are a constant reminder that the fall election cycle is rapidly approaching.  The presidential election commands most of the attention, but state legislative races have the most immediate bearing on insurance legislation in this state.  As soon as the winners emerge from this fall’s elections, the legislature will hold and […]

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Citizens Rate Discussion Resumes

Citizens Rate Discussion Resumes

| Written By: Travis Miller | Insurance

Rate levels for Citizens Property Insurance Corporation once again will be in the spotlight this week.  The board of governors will hold a workshop to discuss Citizens’ rate levels for the upcoming year.  Under Florida law, Citizens submits recommended rates to the Florida Office of Insurance Regulation, which then is responsible for approving Citizens’ final […]

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