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Florida's Citizens Property Insurance Corp. said inspections of the homes and commercial properties it insures have uncovered some unjustified mitigation discounts.

The Florida Office of Insurance Regulation has approved an average statewide homeowners insurance rate increase for Citizens Property Insurance Corp. of 10.3 percent--slightly more than the state-run insurer asked regulators to approve.

Louisiana Insurance Commissioner Jim Donelon has turned to the head of the Michigan FAIR Plan to take over Louisiana's last-resort insurer.

Charles M. Angell is set to become the new chief executive officer of Louisiana Citizens Property Insurance Corp., the state's insurance department has confirmed.

Financial firms could be forced to bail out Florida's troubled property insurer of last resort under an amendment proposed for House financial services reform legislation, according to one analysis,

He said in the company's last financial report, the drop-off in its Florida business this year resulted in negative organic growth. However, he said, if "government intervention" were removed, the fir

Citizens, the state's residual property market, was unable to produce a report as required by June 30, 2006 due to its claims volume from Hurricane Katrina and Rita, Mr. Purpera explained. The

Citizens, the state's residual property market, was unable to produce a report as required by June 30, 2006 due to its claims volume from Hurricane Katrina and Rita, Mr. Purpera explained. The legisla