Florida’s largest property insurer went before state regulators Tuesday in an effort to win approval of another round of rate hikes. Citizens Property Insurance Corp., which covers many homeowners who live in the state’s more vulnerable coastal regions, is asking …
State officials have given Louisiana’s property insurer of last resort the approval needed to bump up its bank line of credit to $125 million. Backing Thursday from the State Bond Commission gives the Louisiana Citizens Property Insurance Corp. more resources …
Florida’s largest property insurer has approved another round of rate hikes that could affect more than a million policyholders. The board for Citizens Property Insurance Corp. voted Wednesday to raise rates by a statewide average of 7 percent next year. …
Florida’s largest property insurer is considering rate hikes for next year. The board of Citizens Property Insurance Corp. will vote next week on a range of proposed hikes. The state-created insurer has 1.26 million policyholders. State law requires Citizens to …
Citizens Property Insurance Corp.’s chief financial officer is stepping down. The state-created insurer announced the resignation of CFO Sharon Binnun on Monday. It said she will be taking a job with a private Florida insurer that hasn’t done business with …
Florida Gov. Rick Scott – and other top state officials – quickly distanced themselves last month from a controversial deal approved by Citizens Property Insurance Corp. to shift thousands of homeowner policies to a start-up insurance company. But emails show …
A backlash is quickly growing against the decision of Florida’s largest property insurer to shift thousands of policies to a start-up insurance company. Just two days ago Citizens Property Insurance Corp. narrowly approved an agreement that calls for paying $52 …
Large rate hikes for customers of Louisiana’s property insurer of last resort would require legislative approval, under a bill that received Senate Insurance Committee backing. St. Mary Parish Sen. Bret Allain sponsored the measure after residents of his parish who …
The governing board for Louisiana’s property insurer of last resort didn’t choose an alternate approach Wednesday to balance the company’s books after a $100 million borrowing plan stalled at the state capitol. Instead, Steve Cottrell, chief financial officer for the …
Louisiana Insurance Commissioner Jim Donelon said it’s premature for the state property insurer of last resort to borrow $100 million to help close a budget gap, according to a letter released March 19. Donelon’s assessment came after the board for …