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Pekar Law, P.A.
An experienced insurance claims lawyer serving the Tampa Bay area and across Florida

December 2015 Archives

Florida Supreme Court Decides 'Bad Faith' Claims Against Citizens Property Insurance Co.

What is the latest in the ongoing litigation involving Citizens Property Insurance Co.

As you may recall from previous blog posts, Citizens Property Insurance Company ("Citizens") has endured a string of lawsuits over the past several years within the state of Florida. As a bit of review, the state-created insurance entity manages over 500,000 policies within Florida, and is working diligently to bring this number down amid unrelenting claims of water damage, sinkholes, and similar disasters. In other words, the company faces an onslaught of litigation each year, including the most recent holding out of the Supreme Court concerning claims of 'bad faith' claims denials.

Florida Supreme Court Decides 'Bad Faith' Claims Against Citizens Property Insurance Co.

What is the latest in the ongoing litigation involving Citizens Property Insurance Co.

As you may recall from previous blog posts, Citizens Property Insurance Company ("Citizens") has endured a string of lawsuits over the past several years within the state of Florida. As a bit of review, the state-created insurance entity manages over 500,000 policies within Florida, and is working diligently to bring this number down amid unrelenting claims of water damage, sinkholes, and similar disasters. In other words, the company faces an onslaught of litigation each year, including the most recent holding out of the Supreme Court concerning claims of 'bad faith' claims denials.

Citizens Property Insurance Portfolio is Sinking

How can Florida residents protect their homes and businesses from storm damage?

As was reported, Citizens Property Insurance Corporation's portfolio in Central Florida has plunged by 73 percent since 2012. The decline is part of the state's goal to reduce the risk to taxpayers in the event of the next catastrophic storm by shifting policy holders to other private insurers. Previously the company had one-quarter of the policy holders in the Florida Market.

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