A state-run insurance company of last resort has settled the remaining claims in a class-action lawsuit tied to how it handled claims after hurricanes Katrina and Rita in 2005. The New Orleans Advocate reports state District Judge Henry Sullivan gave …
The head of Florida’s largest property insurer defended on Tuesday a controversial deal to pay millions to a startup insurance company that made campaign donations to Gov. Rick Scott. But Barry Gilway, president and CEO of Citizens Property Insurance Corp, …
Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane Katrina struck Louisiana eight years ago. Donelon says the Louisiana Citizens Property Insurance Corp. has 105,000 policies, representing about 3 …
Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday that as many as 200,000 customers from across the state …
The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …
Citizens Property Insurance Corporation on Friday announced it has filled a pair of key positions to enhance its financial and risk oversight capabilities as the state-created insurer continues the process of streamlining operations and reducing exposure. On Friday, Citizens President, …
Florida regulators are signing off on rate hikes for hundreds of thousands of Citizens customers. The Office of Insurance Regulation announced Monday that it has approved an overall statewide rate hike of 6.3 percent for Citizens Property Insurance Corp. Citizens …
Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance companies absorb nearly 400,000 Citizens …
Florida’s largest property insurer went before state regulators Tuesday in an effort to win approval of another round of rate hikes. Citizens Property Insurance Corp., which covers many homeowners who live in the state’s more vulnerable coastal regions, is asking …
State officials have given Louisiana’s property insurer of last resort the approval needed to bump up its bank line of credit to $125 million. Backing Thursday from the State Bond Commission gives the Louisiana Citizens Property Insurance Corp. more resources …