News & Updates
Citizens Property Insurance Corporation
Two Florida Legislators Revive Deregulation Bill
During the 2009 Legislative session Representative Bill Proctor, R-St. Augustine and Sen. Mike Bennett, R-Bradenton guided a “deregulation bill” through the Florida Legislature. The bill would have permitted many large insurers to offer homeowners insurance policies at rates that exceeded the approved rates they had on file. To be eligible for this reduced rate regulation, […]
Bennett proposing change to homeowners’ insurance
Citizens Property Insurance Corporation, Florida Legislature
Florida agents hope State Farm can stay in-state
Citizens Property Insurance Corporation, Office of Insurance Regulation, Florida Hurricane Catastrophe Fund
New, smaller companies pose new risks
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season
Florida still not ready for big hurricane
OIR Approves Citizens’ High Risk Account Rates
The Office of Insurance Regulation has issued an order approving rates for the Citizens Property Insurance Corporation High Risk Account (HRA). The HRA consists of Citizens’ most coastal exposures and includes personal residential, commercial residential, and traditional commercial exposures. By law, Citizens submits rate filings to the Office of Insurance Regulation, but unlike for typical […]
Our Opinion: Insurance chaos
Citizens Property Insurance Corporation, Office of Insurance Regulation