Citizens Insurance

NASA Astronaut Ron Garan

Now that the hurricane season's begun, state-backed insurer Citizens Property Insurance assures everyone, it’s in the best shape it’s ever been.

That may be cold comfort for former customers now with smaller insurers, or current customers living on the coast who may still see rate increases.

Citizens CEO Barry Gilway says after shedding thousands of policies, the company is in a very good position.

The Florida Roundup: Is South Florida All Aboard?

May 30, 2014
State Archives of Florida, Florida Memory

Designers of All Aboard Florida's Miami station say the complex will remake downtown. But folks between the train's proposed stations aren't so thrilled with potentially 16 trains each way barreling through their neighborhoods. 

Also with the start of hurricane season this week, we chat with Citizens Property Insurance CEO Barry Gilway. 

Host Tom Hudson speaks with Andrew Marra of the Palm Beach Post, Laura Wides-Munoz of the Associated Press, Tim Padgett and Alicia Zuckerman of WLRN-Miami Herald News, and Toluse Olorunnipa of Bloomberg News.

A program aimed at shrinking billions of dollars in liability from Florida’s state-run insurance company launches Monday, Jan. 27.

Citizens Property Insurance is widely known as Florida’s insurance company of last resort.  In actuality, it's become a major player in the insurance marketplace.  State lawmakers felt that Citizens’ $500 billion of risk was too much for Floridians to shoulder.  So they've been trying to shift policyholders from Citizens into the private market.

Citizens Approved For 6.3 Percent Hike On Homeowners

Sep 9, 2013
Laura A. Ogden

Homeowners covered by Citizens Property Insurance Corp. will see an average rate increase of 6.3 percent next year.

The increase, approved Monday by the Office of Insurance Regulation, is down from a 7.9 percent hike requested on the combined personal-lines and coastal accounts. Citizens officials previously said a 7.9 percent increase wouldn't be enough to cover the projected costs for next year.

The increase doesn't include sinkhole coverage.

Why Florida Picks Fights With The U.S.

Sep 6, 2013

Florida’s top prosecutor wants to overturn a federal gun law and allow 18 year-olds to own handguns.  It’s just the latest example of the Sunshine State battling the federal government.  It’s done it over health care, voting rights and now gun control.

UPDATE 4:36 p.m. - The Florida Senate passed SB 1770 today, 24-15.

Sen. David Simmons, R-Maitland, believes he has the votes to put his sweeping overhaul of Citizens Property Insurance Corp. up for a final vote in the Senate on Thursday.

Simmons was busy lobbying his colleagues over the proposal (SB 1770) during the floor session on Wednesday after the measure was postponed for the second time in nine days from being put up for a final Senate vote.

Join us for an hour of conversation about the week's news on The Florida Roundup, live at noon on WLRN.  Here's what we're watching:

Florida Legislature Must Face Homeowner Insurance Debacle

Mar 12, 2013
Wikipedia Commons

Two months ago, I was forced cancel my windstorm insurance due to the high deductions, meager coverage and exorbitant cost. For the past four years, the insurance lobby has run wild in their insatiable demand for bigger profits for insurance companies already flush with cash.

Keerati /

There are seven faces behind Florida’s largest home insurer. But there could be eight. Or nine.

And two might have to be South Florida cardholders.

According to the News Service of Florida,

AMagill / Flickr Creative Commons

Getting a handle on property insurance rates is a top priority in the upcoming Florida Legislature 2013 regular session, but it's no easy task, according to popular consensus at Monday night's Town Hall session hosted by WLRN and the Miami Herald

"The legislature is in a terrible box," said Mary Ellen Klas, the capital bureau chief for the Miami Herald and a panelist at Monday's event. "This is one of the tough issues they have to grapple with."