Floir and Citizens establish temporary reinsurance arrangement to curb policy displacement
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Floir and Citizens establish temporary reinsurance arrangement to curb policy displacement

Farhin Lilywala
27 July 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Florida flag palm trees.jpg

In response to Demotech's downgrade warnings, the Florida Office of Insurance Regulation (Floir) has joined forces with state insurer Citizens Property Insurance Corporation to create a temporary reinsurance arrangement.

The purpose of the agreement is to allow insurers to meet the guidelines established by Fannie Mae and Freddie Mac (GSEs) and ensures that policyholders will keep their current coverage provider, keeping additional policies out of Citizens.

Florida

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsFloridaFlorida Citizens
farhin lilywala/farhin lilywala ii ils.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article