News & Updates

Citizens Property Insurance Corporation

Citizens Issue Brief Released by Banking and Insurance Committee

Citizens Issue Brief Released by Banking and Insurance Committee

The Florida Senate Banking and Insurance Committee released its issue brief (2012-226) regarding Citizens Property Insurance Corporation on September 1, 2011.  As one would expect all of the numbers are very large. The brief provided up to date information on the total policies in force and the surplus in each of the three statutorily created […]

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Officials Urge Phase-In of Citizens Sinkhole Rate Change

Officials Urge Phase-In of Citizens Sinkhole Rate Change

Citizens Property Insurance Corporation got the insurance world talking recently when it announced that rates for sinkhole coverage would increase by an average of 400 percent, and by much higher amounts in certain areas. Citizens’ rate increases are capped at 10 percent per policyholder per year, but the 2011 legislature removed sinkhole coverage from the […]

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