State lawmakers rolled the dice in 2007 and expanded the size of the backup insurance the state provides to insurers as a way to control the prices of private property insurance. Their luck has held
With little fanfare and no debate, Florida lawmakers who met during the January special session put on hold a program that had been launched three years ago as one of the steps intended to help fix
Nearly two years after a substantial makeover at Citizens Property Insurance Corp., Florida's largest property insurer may be in line for even more significant changes. Lawmakers during the 2008
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, Citizens officials estimated the
Those who criticized the idea of expanding the Florida Hurricane Catastrophe Fund, the state-run alternative to private reinsurance, were fearful that if a big storm came it would mean huge
"We have dodged a bullet temporarily," said Ring. "Citizens and taxpayers of Florida need to understand that the single biggest risk to our economy is not our property taxes or real estate
Citizens Property Insurance Corporation has a newly reconstituted board, including a new chairman with a track record of dealing with troubled companies. The company is also moving ahead with plans
Fearful that a giant storm or a series of hurricanes could cripple the Florida Hurricane Catastrophe Fund (Cat Fund) this year and lead to huge assessments, the trustees of the fund in July made an