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
The growing problem of out-of-control water losses, fueled by assigned benefits, is being fought on multiple fronts. Even as Senator Hukill seeks legislative solutions to this growing problem and private companies seek policy forms that address the issue, Citizens Property Insurance Corp. continues to move forward with its own effort
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
TALLAHASSEE, FL – Documents related to Citizens 2016 rate proposal, including opening statements by President/CEO and Executive Director Barry Gilway and Chief Risk Officer John Rollins are available on Citizens website in the 2016 Rate Hearing kit. County-by-county rate recommendations for homeowners (HO-3) insurance policies and a copy of the
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).
The Florida Office of Insurance Regulation has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation.
Governor Rick Scott pens letter to the Agency for Health Care Administration Secretary, Elizabeth Dudek.
Insurers brace for a time when automation reduces accidents—and premiums.
The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, state agency or political subdivision from using a drone to
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