Citizens Property Insurance

The Florida Roundup
2:26 pm
Mon June 2, 2014

Despite Record Surplus, Citizens Coastal Policyholders Likely To See Rate Increases

2005 was the last time a hurricane hit Florida. That year a string of storms and hurricanes drove several insurance companies out of Florida and thousands of homeowners to Citizens.
Credit 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.

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The Florida Roundup
11:24 am
Fri May 30, 2014

The Florida Roundup: Is South Florida All Aboard?

An image from Florida's last golden age of rail: A Florida East Coast Railway train crossing the famous Long Key Viaduct, Florida.
Credit 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. 

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News
1:55 pm
Mon January 27, 2014

Citizens Rolls Out Property-Insurance Clearinghouse

Credit freedigitalphotos.net

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.

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Insurance
6:08 pm
Mon September 9, 2013

Citizens Approved For 6.3 Percent Hike On Homeowners

Credit 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.

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The Florida Roundup
12:33 pm
Fri September 6, 2013

Why Florida Picks Fights With The U.S.

The motto on the first flag to fly over the capitol when Florida became the 27th state seems to be guiding the state's response today to federal programs.
Credit http://dhr.dos.state.fl.us/

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.  

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Florida Legislature
4:16 pm
Thu April 25, 2013

Florida Senate Passes Bill To Overhaul Citizens Insurance

Sen. David Simmons, R-Maitland
Credit flsenate.gov

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.

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The Florida Roundup
12:00 pm
Fri April 12, 2013

Top News This Week In South Florida: Dolphins Referendum, Venezuelan Election And Medicaid

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:

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Community Contributor
2:01 pm
Tue March 12, 2013

Florida Legislature Must Face Homeowner Insurance Debacle

Hurricane Sandy showed that the affects of hurricanes on insurance coverage aren't limited to the southeast.
Credit 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.

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Citizens Property Insurance
12:00 pm
Tue March 5, 2013

Citizens Property Insurance Could Require Two On Board To Hail From South Florida

Sen. Anitere Flores, R-Miami, filed a bill in the Florida Senate Friday that would add a consumer advocate to Citizens Property Insurance Corp.'s board of directors. It would also require that two of the members hail from South Florida.
Credit Keerati / freedigitalphotos.net

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,

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