Guest opinion: Reinsurance industry is crucial to Florida’s tropical storm and hurricane coverage
Citizens Property Insurance Corporation, reinsurance, Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation News
News & Updates
Citizens Property Insurance Corporation
New Year to Start Fast for Insurance and Other Issues
The holiday season always seems to pass too quickly. After an extended period of unwinding and spending time with families and friends, the new year always brings an abrupt end to this relaxed pace as we return to work, children return to school and we pick up where we left off. This will especially be […]
Saying Goodbye to 2011
December 31 marks the end of another calendar year, and with that we close the books on another active year in the Florida insurance market. Florida’s diverse population, large base of potential policyholders and unique political and market issues tend to mean that insurance-related topics are prevalent in each year’s headlines. We began this year […]
Property Insurance Crisis: Funding Vs. Exposure
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News
Citizens Board Opposes Cat Fund Reduction
The Board of Governors of Citizens Property Insurance Corporation voted 5-3 to oppose legislation designed to reduce the size of the Florida Hurricane Catastrophe Fund. The FHCF is Citizens’ primary source of reinsurance. The FHCF has been promoting a plan to reduce its size through a combination of decreasing its maximum liability, increasing the co-participation requirement, and increasing […]
Citizens to Keep Assessment Level at 1%
Citizens Property Insurance Corporation has announced that the emergency assessment in effect to pay for 2004 and 2005 storm bonds will remain at 1%. This follows an earlier reduction in the assessment from 1.4% to 1%. Citizens revisits the assessment amount annually to ensure the assessments are generating enough money to retire the bonds. If the […]
Less regualted insurers a step closer to taking over Citizens policies
Florida Legislature, Citizens Property Insurance Corporation, Insurance Regulation News, surplus lines insurance
Editorial: Fiscal tempest
Citizens Property Insurance Corporation, Insurance Regulation News, property insurance
Scott won’t avoid controversy, hot topics
Citizens Property Insurance Corporation, PIP, Insurance Regulation News, Governor Rick Scott
Florida relying on luck with hurricanes
Citizens Property Insurance Corporation, hurricane season, Florida Hurricane Catastrophe Fund, Insurance Regulation News