Citizens policies drop below 1 million
State leaders want to minimize the number of policies in Citizens, at least in part because of financial risks if the state gets hit by a major hurricane or multiple hurricanes.
Florida’s Citizens Property Insurance Shrinks Below 1 Million Policies
In a positive sign for Florida's troubled property insurance market, the number of policies held by the state-backed insurer of last resort, Citizens Property Insurance Corp., has dipped below 1 million.
Citizens Insurance says it denies half of all claims because it covers riskiest policies
An executive of state-owned Citizens Property Insurance Corp. said a report this week finding that the company denies half of all claims submitted by its policyholders is “very
Citizens Insurance expects to end the year ‘well under’ 1 million policies
State-owned Citizens Insurance will fall below 1 million policies by the end of the year, thanks to a stronger private insurance market and the success of Citizens’ depopulation program,
Florida's Citizens Insurance has fewer than 1 million policies
The South Carolina driver who killed a bride and seriously injured the groom as they departed their wedding reception pleaded guilty in court on Monday and was sentenced to 25 years in prison. Joe Francis currently resides in Mexico, where he has avoided returning to the U.S. due to outstanding legal issues
Opinion
Florida Citizens’ insurance claim closures need closer look | Opinion
The new analysis of Citizens’ claim denials isn’t the only reason there’s more focus on the state-run insurance company. As reported by the news outlet NOTUS in October, Citizens also reportedly denied 77% of claims from Hurricane Debby in August, which hit the Big Bend area.
Citizens insurance: Why half of 2023 homeowner damage claims closed without payment
The Legislature just passed laws that make it harder for policyholders to sue if they don't agree with the payout.
WPTV-TV8d
Florida Office of Insurance Regulation subpoenas Palm Beach Gardens firm over Citizens Insurance allegations
State insurance officials are demanding answers from a Palm Beach Gardens firm over claims about home insurance.
Artemis2d
Florida Citizens lifts reinsurance and cat bond risk transfer target to $4.5bn for 2025
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is currently projecting a need to ...
Did Florida insurance reforms work? 'We are watching' insurers, says Senate president
Will the Legislature take on more reforms as insurance policyholders find little recourse to insurer decisions?
Citizens, Inc. Announces Filing of Form S-3 to Replace Expiring Shelf Registration Statement
November 27, 2024) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today announced it has filed a ...