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Citizens Defers Action on Rates

Citizens Defers Action on Rates

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 […]

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Proposed Rules on Mold Assessment Cause Concern

Proposed Rules on Mold Assessment Cause Concern

Two rules proposed by the Department of Business and Professional Regulation are prompting concerns among property insurers over their potential impact on water damage claims.  One of the most prevalent questions in the property insurance arena current is whether insurance rates are going down commensurate with reductions in reinsurance prices in recent years.  Declining reinsurance […]

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