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Citizens Property Insurance Corporation is delaying action on a proposed 2019 rate filing while it continues to look for ways to address concerns with assignments of benefits. Citizens’ board recently decided to defer a proposed 7.9% statewide average increase for its personal residential programs. The indicated rate need is much higher in some areas, but […]
Rate levels for Citizens Property Insurance Corporation once again will be in the spotlight this week. The board of governors will hold a workshop to discuss Citizens’ rate levels for the upcoming year. Under Florida law, Citizens submits recommended rates to the Florida Office of Insurance Regulation, which then is responsible for approving Citizens’ final […]
The 2011 legislative gets underway with several property insurance bills on its agenda. Both the Senate and the House of Representatives have major property insurance bills on file that include numerous revisions to the property insurance laws, and in particular to laws governing residential property insurance. Perhaps the biggest issue of the 2011 session will […]
