Florida’s state-run reinsurance facility still faces a potential $1.5 billion gap to fulfill its maximum mandatory obligation, although it appears poised to be in better financial condition for the 2013 hurricane season than previously thought. With just six weeks left …
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 …
Two weeks into a new hurricane season, Florida officials are continuing to express their concerns over possible policyholder assessments by Citizens Property Insurance despite the relative financial strength of the state’s government-run homeowners’ insurer. Given the insurer’s current financial resources, …
