Funding for the Florida’s state-run property insurer is likely to change as state lawmakers are looking to access the insurer’s total assessment base quicker and give it more time to collect funds in the event of a deficit. Citizens Property …
Legislation designed to help state-backed Citizens Property Insurance Co. spin off customers to reduce its hurricane risk cleared the Florida House after a heated debate Friday. The bill (HB 245) would let surplus lines companies, which have unregulated rates, take …
Florida’s largest homeowners’ insurer has set the goal of moving at least $1 billion in risk back to the private capital markets while looking to lawmakers to make statutory changes that will assist the insurer in its depopulation efforts. Speaking …
Citizens Property Insurance Corp. President Scott Wallace has announced that he will step down as president and CEO of the corporation effective April 6. Wallace, who has served more than six years as the CEO of the company, has overseen …
