Citizens Property Insurance Corp. News

Viewpoint: Licensing Mandate for Appraisers Will Increase Costs

In a recent motion to intervene in a petition filed with the Florida Department of Financial Services, Citizens Property Insurance Corp. supports a state regulation requiring appraisers to be licensed adjusters. If enacted, this would have detrimental consequences for a …

Fla. Accountability Bill Bars Alterations to Adjusters’ Reports

As trial lawyers and news reports around the state continue to criticize Florida lawmakers for the far-reaching tort-reform passed last month, the Senate Banking and Insurance Committee has approved a bill designed to bring more accountability for property insurers. By …

Two More Arrested in Long-Running Operation Rubicon Investigation

Those familiar with insurance fraud schemes in Florida will remember Operation Rubicon. That was the year-long investigation by Miami-Dade and Florida authorities into an alleged property insurance fraud scheme that involved public adjusters, restoration companies, insurance agents, a police officer …

Citizens Still Struggling With Lawsuits, but Legal Fees and Payouts Decline

A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad news Thursday, giving further insight into a big part of Florida’s insurance market. The bad news first: The number of …

Florida’s Hurricane-Free Run Has Insurer Bracing for Storms

Florida hasn’t been hit by a hurricane since 2005, the longest stretch in more than a century. Its state-run property insurer isn’t taking any chances. Even though forecasters predict this year will produce the fewest named Atlantic storms since 1997, …

Florida Agency Approves Removal of Citizens’ Policies

The Florida Office of Insurance Regulation (Office) has approved the removal of up to 180,040 personal residential policies and 2,527 commercial residential polices from Citizens Property Insurance Corporation (Citizens) by the following nine companies: Anchor Property & Casualty Insurance Company …

Florida Hurricane Tax to End in July 2015

A 1-percent surcharge now in place on most insurance bills in Florida will be removed next summer. The board of Citizens Property Insurance Corp. voted on Wednesday to end an emergency assessment two years earlier than anticipated. Citizens has been …

Florida OIR Approves Removal of Up to 427,584 Policies From Citizens

The Florida Office of Insurance Regulation (OIR) announced that it has approved the removal of up to 425,357 personal residential policies and 2,227 commercial residential policies from Citizens Property Insurance Corp. by 14 companies. The OIR said Thursday this is …

Florida’s Citizens Reaches Settlement Over Sinkhole Damage

Florida’s state-run insurer says it has reached a settlement to allow homeowners to receive professionally recommended repairs for sinkhole damage. In an announcement Wednesday, Citizens Property Insurance Corporation said it will pay for underground repairs as recommended by a professional …

Louisiana’s Citizens Ordered to Return $16M to Homeowners

Louisiana Citizens Property Insurance Corp. may have to return $16 million to homeowner customers who, for years, were charged a $65 application fee without their knowledge. Insurance Commissioner Jim Donelon ordered the application fees returned Dec. 12, saying Citizens broke …