Citizens Property Insurance Corporation
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2101 Maryland Circle
Recent News About Citizens Property Insurance Corporation
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Litigated claims remain a potent factor in Florida’s increasingly challenging property insurance market as recent reform measures have yet to yield tangible benefits, Citizens Property Insurance Corp. officials said at a recent board meeting.
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Citizens Property Insurance Corp, the insurer of last result in Florida, remains on solid financial ground despite regulators deciding not to give the state-run company its requested overall rate increase last month, company officials said.
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Three companies accused by Citizens Property Insurance Corp. of fraudulently increasing property damage claims amounts over multiple years have agreed to pay Citizens $1 million to settle a lawsuit.
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The number of lawsuits filed against Florida’s state-run Citizens Property Insurance Corp. rose by a third from 2020 to 2021 as Citizens took on a rising level of claims amid uncertainties in the state’s property insurance market.
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Battered by natural disasters and the man-made peril of frivolous and sometimes fraudulent litigation, Florida’s property insurance industry now finds itself burdened by financial losses and seeking rate hikes.
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TALLAHASSEE -- Florida assignment of benefits lawsuits involving property insurance have been dropping since an AOB reform bill took effect in July, according to preliminary data.
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TALLAHASSEE (Florida Record) – Assignment of benefits (AOB) reforms that took effect earlier this week will be a boon for consumers but it isn't clear whether litigation provisions will reduce lawsuit abuse in Florida, according to a spokesman for the state-backed Citizens Property Insurance Corporation.
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CLEARWATER — A St. Petersburg homeowner is suing a liability insurer, alleging breach of insurance policy involving water damage.
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CLEARWATER — A Clearwater property owner is suing a licensed insurer, alleging breach of an insurance contract regarding hurricane damage.
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FORT LAUDERDALE — A Margate property owner is suing an insurance company, alleging refusal to apply payments for hurricane damages.
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CLEARWATER — Two Pinellas County homeowners are suing an insurance company, alleging refusal to apply payments for hurricane damage.
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LAKELAND, Fla. – The Second District Court of Appeal has ordered a new trial in a breach of contract case against Citizens Property Insurance Corporation.
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TALLAHASSEE – A Florida Senate panel gave a thumbs-up Tuesday to a bill that would prevent property insurers from including attorney fees and other legal costs in their rate base, despite opposition from insurance firms and other business interests.
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Two individuals are suing Citizens Property Insurance Corporation for alleged breach of contract.
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An individual is suing Citizens Property Insurance Corporation for alleged breach of contract.
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An individual is suing Citizens Property Insurance Corporation for alleged breach of contract.
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Two individuals are suing Citizens Property Insurance Corporation for alleged breach of contract.
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A company is suing Citizens Property Insurance Corporation for alleged breach of contract.
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A homeowner is suing Citizens Property Insurance Corporation, citing alleged breach of contract.
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CLEARWATER – A St. Petersburg property owner alleges her insurer has failed to pay her benefits for damages to her home.
