Citizens Property Insurance Corp.

• RMS Revised Model Moving Rates, Shifting Risks to E&S Markets

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 11, 2012

  The Risk Management Solutions Version 11 catastrophe model is shifting rates higher, and causing some risks to move from the admitted market back to excess and surplus lines carriers, but a leader of a managing general agent group cited concerns with the model’s impact on how insurers underwrite risks.

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  U.S. Homeowners Insurers See High 2011 Combined Ratios Thanks to Storm Activity

  By Phil Gusman, PropertyCasualty360.com  |  May 11, 2012

  Leading U.S. homeowners insurers recorded combined ratios well over 100 in 2011 due mainly to storms throughout the year, according to an SNL Insurance analysis.

• Q1 Profit Down 29% for Fla.’s Universal; Up for Homeowners Choice

  By Chad Hemenway, PropertyCasualty360.com  |  May 10, 2012

  One of the largest writers of homeowners insurance in Florida reports a 29 percent drop in first-quarter earnings.

• La. Lawmakers Look to Shield Last-Resort Insurer from Class-Action

  By Chad Hemenway, PropertyCasualty360.com  |  March 20, 2012

  Today Louisiana lawmakers are considering legislation that could make a battle between policyholders and Citizens Property Insurance Corp. over more than $100 million moot.

• Florida Surplus 'Take-Out' Bill Sacked

  By Chad Hemenway, PropertyCasualty360.com  |  March 7, 2012

  Lawmakers in Florida gave up on a bill industry experts say would have at least given homeowners another insurance option.

• A Trio of Insurance Bills Await Action as Florida Session Nears End

  By Brent Kallestad, Associated Press  |  March 6, 2012

  In Florida, three major insurance bills are awaiting action in the final four days of the 2012 legislative session, including one that is a priority of Gov. Rick Scott.

• Attorneys Reject Settlement Offer from Louisiana Last-Resort Insurer

  By Chad Hemenway, PropertyCasualty360.com  |  February 27, 2012

  Attorneys representing a group of homeowners that sued the Louisiana insurer of last resort have rejected a settlement offer, calling it “fatally flawed.”

• A Measure of ‘Last Resort’

  By Chad Hemenway, PropertyCasualty360.com  |  February 24, 2012

  Throughout the country surplus-lines carriers are being affected by newly enacted and proposed legislation, but a measure being mulled in Florida is looking at these unregulated high-risk writers to help save the state’s residential market.

• A Measure of ‘Last Resort’

  By Chad Hemenway, PropertyCasualty360.com  |  February 23, 2012

  Desperate to shrink its dangerously overexposed state-run insurer, Florida is floating legislation to allow eligible surplus-lines insurers to take policies from Citizens Property Insurance Corp., the state’s ostensible last-resort insurer.

• Donelon on Fight Against Citizens Ruling: ‘Several Arrows Left in Our Quiver’

  By Chad Hemenway, PropertyCasualty360.com  |  February 13, 2012

  Insurance Commissioner Jim Donelon says the state’s last-resort insurer has some options left in its pursuit to either stop or negotiate down a hefty multimillion-dollar judgment against it.