Citizens Property Insurance Corp. reports it returned nearly $310,000 in refunds to affected policyholders in 2014 as part of its efforts to recover claims payments of $4.9 million by pursuing reimbursement from product manufacturers, contractors and other third parties responsible …
Citizens Property Insurance Corp.’s Board of Governors has approved a contract to consolidate the company’s information technology and other functions at the EverBank Center in downtown Jacksonville, Fla. The move, which is scheduled to be completed by the end of …
Citizens Property Insurance Corp. has reached settlement agreements with more than 1,650 Florida homeowners to end litigation on sinkhole repair cases that was delaying critical repairs to their properties. As of Dec. 15, 2014, Citizens had reached agreements with 1,669 …
A state appeals court has blocked policyholders of Louisiana Citizens Property Insurance Corp. from collecting more than $100 million for the company’s failure to handle claims quickly enough following the 2005 hurricanes. The state 5th Circuit Court of Appeal issued …
Florida lawmakers have put taxpayers at risk by not reforming the Florida Hurricane Catastrophe Fund or Citizen’s Property Insurance Corp. in advance of the 2012 hurricane season, an insurance executive has warned. Bradley Kading, president and executive director of the …
State officials in Louisiana are calling on property owners to claim their assessment rebate charged on their insurance policies. Following Hurricanes Katrina and Rita in 2005, all property policies were charged an assessment on behalf of Citizens Property Insurance Corporation …
The plaintiffs who won a $92.8 million judgment against Louisiana Citizens Property Insurance Corp. three years ago plan to seize the company’s cash as a result of a ruling late on March 6 in a Jefferson Parish state district court. …
A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up for the program. The Florida Senate by …
Commissioner Jim Donelon says a decision won’t be made until next week on whether the state’s property insurer of last resort will pursue a U.S. Supreme Court appeal of a $93 million judgment against the company. Donelon said that his …
The Louisiana Supreme Court says it won’t reconsider a $92.7 million judgment against Louisiana’s state-backed insurer of last resort for handling claims too slowly after Hurricanes Katrina and Rita in 2005. Louisiana Citizens Property Insurance Corp. will ask the U.S. …
