With more than 850,000 policies, the state-backed Citizens Property Insurance Corp. has become an 800-pound gorilla in Florida’s troubled insurance market. But you wouldn’t have known that as lawmakers passed bills during a special legislative session last week to try to shore up the industry. Lawmakers did not make changes designed specifically to address issues… Continue reading Florida Lawmakers Leave Out Citizens Property Insurance Issues
Tag: fraud case Florida
Florida’s Citizens Insurance Settles Fraud Case Against Law Firm
Citizens Property Insurance Corp., a state-owned corporation, has agreed to a $1 million settlement with the Coral Gables-based The Strems Law Firm, P.A. Insurers claim Strems was a major driver of excessive litigation, which drives up homeowner premiums. Scot Strems and his firm filed 8,756 lawsuits against property insurers, mostly in South Florida, between May… Continue reading Florida’s Citizens Insurance Settles Fraud Case Against Law Firm