Tag Archives: Citizens

Citizens loses condo court case

DAYTONA BEACH — For the second time in less than a year, a jury on Tuesday found that state-run Citizens Property Insurance Corp. should pay owners of a local condominium for damages sustained during Hurricane Frances in 2004. Owners of the 18-story, 124-unit Inlet Condominium in New Smyrna Beach were awarded $3.3 million for damages […]

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Contracting Citizens; Florida’s Largest Insurer Gets Smaller

Last year’s hurricane season may have been relatively calm, but that didn’t stop Florida’s one-time “property insurer of last resort” from building up a whirlwind of growth. At the end of October 2007, Citizens Property Insurance Corp. had more than 1.4 million policies, with the bulk of them in high-risk, wind-only accounts. At the time, […]

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Past suggests Florida insurer may be bit of a risk

The owner of a private insurance company approved by the state to assume the largest number of policies from Citizens Property Insurance Corp. has an almost two-decade history of not paying personal bills. At one point, it got so bad that a judge ordered Henry James Irl’s own insurance company — the very one the […]

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La. Citizens OKs $35M Settlement; Pays $90M in Hurricane Claims

The board of Louisiana’s last-resort insurance company approved paying up to $35 million to settle a class action lawsuit alleging that the firm took too long to pay off policyholders’ claims after the 2005 hurricanes.

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Florida Approves 110,000 More Withdrawals from Citizens Property

Florida officials have approved up to 110,000 more policy removals by private insurers from the state-backed insurer Citizens Property Insurance Corp. Florida Insurance Commissioner Kevin McCarty said six insurance companies are involved with this round of removals, which began Nov. 14.

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Condos say state insurer owes them millions for 2004 hurricane damage

(The Orlando Sentinel – McClatchy-Tribune Information Services via COMTEX) — DAYTONA BEACH It’s been four years since Florida suffered through its worst hurricane season in recorded history — the 2004 quartet of Charley, Frances, Jeanne and Ivan, and a cumulative $42 billion in damage. Yet Citizens Property Insurance Corp. still has almost 2,000 unresolved homeowner-damage […]

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Is Citizens Property Insurance Spending Money The Right Way?

Sen. J.D. Alexander, R-Winter Haven, asked in a letter today to Florida Citizens Property Insurance why the state-backed insurer needs a fitness center and restaurant and concierge services for the new office space it’s seeking. It’s true the insurer mentioned the amenities in an information request to potential landlords or sellers. But the request shows […]

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Citizens, spinoffs top 2005 complaint list

TALLAHASSEE — Citizens Property Insurance and its spin-off insurance companies again lead the state in hurricane-related complaints — though the industry as a whole is drawing less fire than last year. Regulators show Florida’s insurer of last resort has incurred more than five times the number of complaints against Florida’s largest private insurers, State Farm […]

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