However, customers targeted by takeout companies as part of Citizens controversial depopulation strategy will be exempt if they had not yet purchased flood insurance prior to accepting the takeout, Citizens spokesman Michael Peltier said.
Date: Jun 15, 2024
Category: U.S.
Source: Google
Hurricane Ian’s Financial Toll Threatens Florida’s Real Estate Market
Even before Ian struck, reinsurers started offering less coverage than the states insurance companies wanted. Citizens, the government-mandated insurance plan, was only able to buy half as much reinsurance as it wanted at a price it was willing to pay, according to Michael Peltier, a spokesman. And
Date: Oct 13, 2022
Category: U.S.
Source: Google
Wednesday live updates: Hurricane Ian punishes Florida with devastating winds, storm surge
doesnt offer flood insurance, which mostly is offered through the federal National Flood Insurance Program. Preliminary estimates, also made before landfall, indicate $3.8 billion in losses for Citizens, spokesperson Michael Peltier said. DeSantis said Citizens has billions more in surplus, however.
Date: Sep 28, 2022
Category: U.S.
Source: Google
Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida
Citizens spokesperson Michael Peltier said the company sent out email notices to about 240,000 of its policyholders telling people to prepare. He added with many adjusters in Texas after Harvey, resources could be stretched thin in the aftermath of Irma, so the agent community will be even more esse