Florida Citizens
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The executive joined Citizens as general counsel in June 2021. -
A FLOIR arrangement will help Floridians secure homeowners cover during hurricane season.
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The CEO emphasized that the estimate is a modeled estimate and does not include litigation or inflationary pressures.
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The new loss pick takes into account litigation and inflation costs, as well as claims activity to date.
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The federal flood insurance program’s claims count has stepped up from 25,000 a fortnight ago.
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The state-backed insurer's claims tally was just over 47,000 this morning.
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Speaking on a panel at Trading Risk New York, Montero said that the previous guidance was assuming a track closer to Tampa.
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Loss creep from Hurricane Ida has led to the loss and an increase in loss reserves.
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The guaranty association’s board voted on Friday to extend an existing 0.7% assessment into 2023.
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UPC policyholders could be force-placed by their mortgage lender.
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Sources have suggested that Weston's policy count is about 20,000 policies, of which most are wind-only.
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The purpose of the agreement is to allow insurers to meet the guidelines set forth by Fannie Mae and Freddie Mac.
