The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses from extreme weather events in coming years. The Budget Committee is …
Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …
Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market. And the number of Citizens Property Insurance Corporation’s commercial policies is growing …
Florida’s Office of Insurance Regulation has approved the take out of another 153,000 policies from Citizens Property Insurance Corp., the state’s price-controlled residual insurer. Almost half of the takeouts were approved for Slide Insurance, which has grown rapidly in the …
The Florida-based company that produces a quicker way to bag leaves is now offering a tool that it says makes filling sandbags three times faster, potentially saving property owners time before floodwaters rise. The Sandbag It! is a flat but …
Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, officials said this week. “There’s no …
Citizens Property Insurance Corp., Florida’s residual but still-largest property insurer, has posted new information about when and where flood insurance is required for policyholders. The Florida Legislature last year approved Senate Bill 2A, making big changes to laws governing claims …
When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back toward the beleagured primary …
Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher premiums for homeowners. “This is what …
Florida insurance agents will soon be able to access a new online clearinghouse platform designed to make it easier to steer policyholders away from the still-growing, state-created Citizens Property Insurance Corp. The $35.7 million investment, approved by the Citizens Board …
