May 19, 2021
Governor Ron DeSantis has appointed three new members to the board of governors of Citizens Property Insurance Corp., his office said in a statement. Jillian Hasner of Boca Raton currently serves as president and chief executive officer of Take Stock …
October 11, 2019
Florida Chief Financial Officer (CFO) Jimmy Patronis has appointed Bo Rivard as the chair of the Citizens Board of Governors, effective immediately. Rivard has served on the Citizens Property Insurance Corporation Board of Governors since April 29, 2019. He is …
September 28, 2017
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 …
August 4, 2017
Former Florida State Senator John M. McKay has been appointed to the Citizens Property Insurance Corporation Board of Governors by Chief Financial Officer Jimmy Patronis, according to an announcement from the Florida Department of Financial Services. McKay succeeds former board …
December 13, 2016
Assignment of benefits abuse has become such a well-known problem in the state of Florida this year that it now just goes by the nickname “AOB.” The issue with AOB comes from when a policyholder suffers a loss, such as …
December 8, 2016
Florida lawmakers can expect substantial pressure to tackle the assignment of benefits (AOB) and water loss claims crisis from the state’s insurer of last resort when Florida’s legislative session begins early next year. At a governing board meeting Wednesday, leaders …
December 9, 2015
Citizens Property Insurance Corporation’s Board of Governors on Wednesday approved a slate of policy changes to bolster oversight of water loss claims while continuing to protect policyholders who need immediate emergency repair to water loss claims, according to a statement …
October 1, 2015
Citizens Property Insurance Corporation’s top executive warned the company’s Board of Governors Wednesday that water loss claims will continue to hamper efforts to reduce rates for many Florida policyholders. “In claims the critical issue that has surfaced in the past …
June 25, 2015
Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss claims and continued inadequate rates for its remaining policyholders along …