Florida Gov. Rick Scott and members of the Cabinet are being asked to approve a plan to hand over some duties of the state’s largest insurer to private vendors. Citizens Property Insurance CEO Barry Gilway will give a presentation Tuesday …
Louisiana Citizens Property Insurance Corp.’s board has voted to borrow $100 million through bonds to cover a $70 million shortfall – in direct defiance of the Jindal administration’s wishes. In an email after Thursday’s vote, The Advocate reports Division of …
Louisiana Citizens Property Insurance Corp. Chief Executive Officer Richard Robertson says he plans to retire June 1. Robertson told The Advocate he will return to Michigan. He had been general manager of Michigan Basic Property Insurance Association, Michigan’s state-backed insurer, …
A potential class action lawsuit filed against the state-backed Citizens Property Insurance Corp. alleges the company purposefully deprived customers of windstorm mitigation discounts through an arbitrary re-inspection program that lawyers estimate has cost customers nearly $200 million in lost credits. …
The governing board of state-backed Citizens Property Insurance Corp. has approved another “depopulation” plan to move thousands of its coastal hurricane policies to a private insurance company. The board voted Monday to allow the Florida-based Weston Insurance Company to assume …
Louisiana Citizens Property Insurance Corp. on Wednesday finalized a $20 million settlement related to claims handled after hurricanes Katrina and Rita, wrapping up one of two remaining storm-related settlements that have weighed on the company. Orleans Parish Civil District Judge …
A public adjusting firm is threatening to sue a Florida blogger after he claimed the firm’s name made it sound like it was a governmental agency as it solicited business from homeowners insured by the state-backed property insurer. The United …
Florida’s state policyholder-backed property insurer says it welcomes a newly proposed legislative initiative that would create an independent inspector general to oversee the insurer’s handling of employee complaints and use of funds. Florida State Senator Joseph Abruzzo (D-Palm Beach) has …
A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period. Florida Gov. Rick Scott ordered a review of expenses at the insurer following a report …
Florida’s state-backed property insurer and state regulators have cleared the path for the insurer to begin issuing a new HO-8 policy by limiting it to low-value older homes, addressing concerns that the policies’ low rates could lead to a potential …