Citizens Property Insurance Corporation Archives - Page 30 of 43

Surplus Lines Insurers Might Gain Right to Write Citizens Policies

Published on: February 8th, 2012 | Written By: Travis Miller | Insurance

The Florida House of Representatives has advanced its version of the proposal allowing surplus lines insurers to take policies from Citizens Property Insurance Corporation, leaving the issue in the hands of the Senate. By a vote of 66-48, the House passed HB 245 allowing surplus lines insurers meeting certain requirements to enter into Consent Orders […]

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House OKs alternative hurricane insurance

Published on: February 6th, 2012 | Bradenton Herald

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House Committee to Consider Bill to Help Market

Published on: January 24th, 2012 | Written By: Travis Miller | Insurance

The House insurance and banking subcommittee today considers a bill (HB 1127) that has broad support and would be one component of restoring private sector interest in the Florida property insurance market. The bill would reduce Citizens Property Insurance Corporation’s reliance on so-called regular assessments in favor of emergency assessments. The difference, of course, is […]

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Agencies May Get Citizens’ Policies

Published on: January 23rd, 2012 | Lakeland Ledger

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Bill to reduce hurricane assessments breezes through Senate panel

Published on: January 20th, 2012 | The Florida Current

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Cat Fund, Citizens need reform

Published on: January 18th, 2012 | Miami Herald

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Insurance & Banking Subcommittee to Review FHCF Proposal

Published on: January 17th, 2012 | Written By: Travis Miller | Insurance

The Insurance & Banking Subcommittee of the Florida House of Representatives is scheduled to hold a workshop today to consider proposals for shrinking the Florida Hurricane Catastrophe Fund. Jack Nicholson of the FHCF has advanced a proposal that will reduce the size of the FHCF, increase the industry’s retention, and increase the cost of FHCF […]

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Legislature Considers Surplus Lines Insurers for Citizens Depopulation

Published on: January 15th, 2012 | Written By: Travis Miller | Insurance

Both chambers of the Florida legislature are advancing bills that would surplus lines insurers to remove policies from Citizens Property Insurance Corporation. As Citizens’ policy count continues to skyrocket, the legislature is looking for opportunities to attract insurers that might be interested in its policies. Opponents of the bill have questioned whethere it contains enough protections for […]

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