The Institutes

Florida's Citizens Says Sinkhole Claims Forcing Proposed Rate Hike

 Wednesday, September 8, 2010

 Insurance Journal

At a hearing yesterday before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in Tallahassee, Paul Palumbo, a senior vice president for underwriting, said Citizens took in $19.6 million for sinkhole coverage in 2009. But the company paid out $97 million in claims costs.

Sinkhole insurance abuse hurts us all

 Tuesday, August 2, 2011

 The Miami Herald

Citizens wants four-fold Fla. sinkhole rate hike

 Thursday, July 28, 2011

 Bloomberg Businessweek

Sinkhole-Insurance Legislation: Focus on Water Levels

 Wednesday, April 27, 2011

 The Ledger

Sinkhole Claims Prompt Insurance Hike

 Thursday, February 3, 2011

Regulator, Florida Insurer Seek to Limit ’Excessive’ Claims

 Tuesday, October 12, 2010

 Insurance News Net

Florida Insurance Department to Survey on Sinkholes

 Monday, August 23, 2010

 Insurance Journal

Growing number of sinkhole claims questioned

 Monday, August 16, 2010

 Tampa Bay Online