At its meeting this morning, April 24, 2014, Florida's Citizens Property Insurance Corporation's ("Citizens") Board of Governors ("Board") approved what Chairman Chris Gardner termed the "largest catastrophe bond in the history of the world." Check it out here.
In their zeal to shed policies in the state-run Citizens Property Insurance, the Florida Senate is poised to approve a bill that gives homeowners a low-cost — though unregulated — insurance alternative. Read the rest of the article here.
House member Wednesday readied HB 129, which requires Citizens Property Insurance Corp. customers to choose from contractors approved by the company to conduct sinkhole repairs, for a final vote that could come as soon as Friday. Read the entire article here.