Florida’s Citizens Property Insurance Corporation has settled with Cloverplace condominium association over disputed sinkhole repairs. Under the settlement agreement reached Monday, Citizens will pay claims for repairs on sinkhole damage up to policy limits for 109 residents at the complex …
Improving customer service and easing call volume are two reasons Florida’s state run property insurer plans to upgrade its claims technology in 2018. During Citizens Property Insurance Board of Governors Meeting held last week, members of its C-suite provided details …
Florida homeowners who insure their property through a state-created insurance company will see an average 6.6 percent increase in their multi-peril coverage next year, regulators announced Wednesday. But thanks to Hurricane Irma, the increase will be pushed back three months …
Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris …
Florida’s state-created property insurer is going to raise its rates again. The board that oversees Citizens Property Insurance voted this week on a proposal to raise homeowner rates an average 5.3 percent and commercial accounts by an 8.4 percent average. …
A Florida couples’ wire fraud conviction has been upheld, according to a decision issued by the Eleventh Circuit Court of Appeals. The couple, Glenn and Kathryn Jasen, were convicted last year after they failed to fix property damaged by a …
In Citizen’s Property Ins. Corp. v. Perdido Sun Condominium Ass’n, Inc., 164 So.3d 663 (Fla. 2015), the Florida Supreme Court held that Citizens Property Insurance Corporation, a state-created entity that provided property insurance, was immune from liability for statutory first-party …
Everyone in Louisiana who buys property insurance will lose 28 percent of a tax credit they can get for covering the debt of the state’s property insurer of last resort. In addition, the reduction is retroactive, meaning those who failed …
The Florida Office of Insurance Regulation has approved the removal of up to 30,000 personal residential policies and 50 commercial residential polices from Citizens Property Insurance Corporation by the following two companies: Heritage Property & Casualty Insurance Company – approved …
The Louisiana Department of Insurance is reminding property insurance policyholders about the upcoming deadline to claim a Citizens Property Insurance Corp. (Citizens) assessment rebate on their policies. Commissioner of Insurance Jim Donelon said the deadline to claim a rebate for …