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Category: Insurance Regulation

Assignment of Benefits Fraud is Pushing Up Homeowner’s Insurance Premiums in Florida

In Florida, non-weather related claims are rising, driven by an unscrupulous practice known as Assignment of Benefits. Water restoration and roofing contractors go door to door, offer free inspections to unsuspecting homeowners, then convincing the homeowner to sign the policy rights over to them.  In most cases, the homeowner never

No Hurricanes Means Citizens Increases Surplus

For the tenth year in a row, Florida survived hurricane season without a major storm. The official season began in June and ended at midnight on November 30. The decade long absence of any major storms has allowed Citizens Property Insurance Corporation to strengthen its surplus, while it continues to

Citizens Property Insurance Corporation

Citizens Property Insurance Corporation Public Rate Hearing

The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss Citizens’ proposed rate changes for its business in the multi-peril and wind only Coastal Account (CA), Commercial Lines Account (CLA), and the Personal Lines Account (PLA).

CFO Jeff Atwater Appoints Sha’Ron James as Florida’s Insurance Consumer Advocate

TALLAHASSEE, Fla. – Chief Financial Officer Jeff Atwater today announced the appointment of Sha’Ron James, a long-time voice for the people of Florida, as the state’s Insurance Consumer Advocate effective August 3. The role of Florida’s Insurance Consumer Advocate is to independently and ardently represent the needs of policyholders when