Category: Florida News

At its meeting today, September 7, 2012, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) agreed to move forward with a Surplus Notes Depopulation Program (“Program”) that would allow the state’s largest insurer to loan private insurers $300 million …

  Following is a listing of Florida insurance-related regulatory events for the week of September 10-14, 2012: All times are Eastern Time (“ET”).  Additional information is available via hyperlink where noted in bold type.     FLORIDA INSURANCE REGULATORY EVENTS …

  At its meeting today, September 7, 2012, Citizens Property Insurance Corporation (“Citizens”) Board of Governors “Board” preliminarily approved the Surplus Note Depopulation Program (“Program”) presented by Citizens’ staff to the Depopulation Committee yesterday.  The Program’s specific language and contract …

  Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee met yesterday, September 6, 2012.  To view the meeting materials, click here. After receiving a barrage of negative publicity about its mitigation re-inspection program, Citizens is offering policyholders free re-inspections to …

  During the Citizens Market Accountability Advisory Committee (“Committee”) meeting yesterday, September 6, 2012, discussion focused on an array of updates, including the renewed need for Builders’ Risk Insurance and an ongoing problem with incomplete submissions from personal lines agents. …

  To go directly to the section of your choice, click on a hyperlink below.  Other hyperlinks to meeting information, bills and news are noted in bold type. Daily Florida Insurance-Related Events Daily Insurance-Related News Daily Florida Insurance-Related Events   …

The following article was published in The Florida Current on September 7, 2021: Citizens’ planned loan program derided as ‘corporate welfare’ By Gray Rohrer www.floridacurrent.com Citizens Property Insurance Corp. board members voted Friday to move forward with a plan to …

9:00 a.m.–Citizens Property Insurance Corporation Board of Directors meeting. To view the meeting notice, click here.

  At its meeting today, September 6, 2012, Citizens Property Insurance Corporation (“Citizens”) Depopulation Committee (“Committee”) approved a surplus notes loan program that would cost Florida’s insurer-of-last-resort $300 million in incentives to coax private insurers to assume as many as …

  Florida Insurance Commissioner Kevin McCarty announced today, September 6, 2012, that the State Office of Insurance Regulation (“OIR”) has approved the removal of 150,000 policies from Citizens Property Insurance Corporation (“Citizens”) by four private-sector companies–Florida Peninsula Insurance Company (35,000 …