Citizens Property Insurance Corp. (Citizens) News

Florida Office of Insurance Approves Removal of 45,500 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 45,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. by the following two companies: Heritage Property & Casualty Insurance Co. – approved …

Citizens Board Approves $1B in Pre-Event Bonds for 2015 Hurricane Season

Citizens Property Insurance Corp.’s Board of Governors has approved the issuance of up to $1 billion in pre-event bonds to provide Citizens with readily available cash flow for the 2015 hurricane season and beyond. By unanimous vote on Tuesday, board …

Louisiana Citizens Insurance Policy Count Down 50% from All-Time High

Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, has dropped by 50 percent from its all-time high in 2008. With this eighth round of the …

Deadline Looms for Louisiana Citizens Property Insurance Rebate

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 …