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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 […]
Two existing public records exemptions relating to catastrophe modeling have been extended due to action by the Florida legislature and approval by Governor Crist. House Bill 7121 has become Chapter Law 2010-137. This law extends the public records exemption for loss and exposure data submitted by insurers in the development and maintenance of the public […]
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 […]
