News & Updates

Citizens Property Insurance Corporation

New Law Makes Citizens Adjustments

New Law Makes Citizens Adjustments

House Bill 931 has been signed into law, becoming Chapter Law 2016-229.  The new law makes several changes affecting Citizens Property Insurance Corporation.  Among the key changes, the following take effect July 1, 2016: Citizens may appoint as agents only those agents who have and continuously maintain at least one appointment with an insurer actually […]

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Citizens Raises Concerns with Lack of AOB Reform

Citizens Raises Concerns with Lack of AOB Reform

Citizens Property Insurance Corporation’s president Barry Gilway and members of its board recently expressed concern that increased water damage claims and the “assignment of benefits” issue could adversely affect Citizens’ depopulation efforts.  Water damage claims and the AOB issue are leading to rate increases, particularly in in South Florida where the issues are most prevalent.  […]

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2015 Ends on a Storm-Free Note

2015 Ends on a Storm-Free Note

As 2015 comes to a close, several aspects of this year’s insurance market stand out.  Each year presents its share of successes and its share of challenges, which is expected in a cyclical industry.  However, on balance we will remember 2015 for its continued stability in several key insurance markets. In Florida, our view of […]

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