News & Updates

Citizens Property Insurance Corporation

Commissioner McCarty Comments on Hurricane Andrew Anniversary

Commissioner McCarty Comments on Hurricane Andrew Anniversary

| Written By: Travis Miller | Insurance

Florida Insurance Commissioner Kevin McCarty commented earlier today on the 20th anniversary of Hurricane Andrew, an event that shaped the next two decades of property and casualty regulation and legislation as well as other areas like building code requirements and enforcement.  The statement follows: “Today marks the anniversary of Hurricane Andrew, a tropical hurricane that […]

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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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