News & Updates

Citizens Property Insurance Corporation

Privatizing Citizens?

Privatizing Citizens?

Citizens Property Insurance Corporation Jim Malone created a buzz today when he suggested that Citizens’ risks should be privatized in some manner. Malone lamented that Citizens continues to grow as its rate levels remain subject to a glide path cap while the private market’s rate increase due to cost drivers in the market. So, can […]

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Senate Committees to Study Property and Casualty Insurance Issues

Senate Committees to Study Property and Casualty Insurance Issues

Each year, the legislature asks its committees to review significant issues and prepare reports in anticipation of the the next legislative session.  This year is no different, and the Senate recently released its list of interim projects.  Projects of the Banking & Insurance Committee can be seen in the attached document. Project 2012-11 will be […]

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Citizens Updates Procedures for Data Requests

Citizens Updates Procedures for Data Requests

Insurers seeking to assume policies from Citizens Property Insurance Corporation understand the need to periodically obtain the most recent data from Citizens regarding its in-force policies. Likewise, a prospective investor group may be interested in obtaining the Citizens data to evaluate assumption opportunities and develop its business plan. Under updated procedures recently developed by Citizens, […]

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