Florida’s state-backed property insurer found itself on the defensive in Tallahassee this week as state lawmakers inquired into a deal whereby a private insurer stands to receive millions in exchange for removing policies. Officials from Citizens Property Insurance Corp. acknowledged …
Florida’s largest property insurer, already under fire for everything from recent business deals to how much it pays its executives, is readying another round of rate hikes for homeowners. The board of Citizens Property Insurance Corp. meets next week in …
Florida Gov. Rick Scott — and other top state officials — quickly distanced themselves last month from a controversial deal approved by Citizens Property Insurance Corp. to shift thousands of homeowner policies to a start-up insurance company. But emails show …
Florida Gov. Rick Scott is sounding off anew against the state’s largest property insurer. Scott on Wednesday signed a bill that includes modest steps to shrink the size of the state-created Citizens Property Insurance Corp. The bill (SB 1770) creates …
Florida’s Citizens Property Insurance Corp. has narrowly approved a plan allowing a domestic insurer to remove 60,000 policies and receive as much as $52 million from Citizens in exchange. A short-handed Citizens Property Insurance Corp. board of governors by a …
A leading Florida Democrat is calling on Gov. Rick Scott to return $110,000 in campaign contributions from an insurer. Dan Gelber, a former state senator and potential future statewide candidate, wrote a letter Friday to Scott saying that the deal …
A backlash is quickly growing against the decision of Florida’s largest property insurer to shift thousands of policies to a start-up insurance company. Just days ago Citizens Property Insurance Corp. narrowly approved an agreement that calls for paying $52 million …
