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- Homeowners Discover that State-Run Insurers Can Be Bullies Too
- Floridians have been taught to believe that insurance companies are evil by their governor (and U.S. Senate wannabe) Charlie Crist. In 2007, when Crist froze rates at state-run insurer Citizens Property, Floridians signed on the dotted line to join this home insurance program, boosting what should have...
- Blog posts 2009-08-05
Additional Resources
- Fitch Affirms Debt Rtgs of Citizens Property Insurance Corp
- Business Editors CHICAGO--BUSINESS WIRE--March 11, 2003 Fitch Ratings has affirmed the 'A' senior debt rating of Citizens Property Insurance Corporation's Citizens high-risk account senior secured pre-event note issue (Series 1997A). Fitch has also affirmed the 'AAA' rating of Citizens' high-risk account senior secured pre-event note issue (Series 1999A)...
- Research articles 2000-10-01
- The Hurricane Law Group Announces Class Action Lawsuits Against Allstate Floridian Insurance Co., Citizens Property Insurance Corp. and State Farm Florida Insurance Co
- Lawsuits Seek an Estimated $100 Million in Payments for Building Permits for Floridians Whose Homes Sustained Hurricane Roof Damage BOCA RATON, Fla. -- The Hurricane Law Group today announced that it has commenced class action lawsuits against Allstate Floridian Insurance Co. ("Allstate"), Citizens Property Insurance Corp. ("Citizens") and State...
- Research articles 2007-02-27
- Fitch Ratings downgrades Citizens Property after computer crash
- Fitch Ratings has placed Louisiana Citizens Property Insurance Corp. on its Negative rating Watch for its $978.2 million in assessment revenue bonds. The BBB rating reflects increased uncertainty following the recent announcement that, due to computer problems, the company is having difficulty retrieving its last two years of...
- Research articles 2007-03-09
- Fitch Affirms Citizens' Debt Ratings; Revised Outlook to Positive
- CHICAGO -- Fitch Ratings has affirmed the 'A-' Issuer Default Rating IDR and 'A-' senior debt ratings of Citizens Property Insurance Corporation's Citizens high-risk account. The Rating Outlook has been revised to Positive from Stable. The ratings reflect Citizens' state-authorized power to assess a large and diverse base of...
- Research articles 2008-04-23
- Fitch Expects to Rate Louisiana Citizens' $1B Assessment Revenue Bonds 'BBB'
- CHICAGO -- Fitch Ratings is expected to assign a 'BBB' Issuer Default Rating IDR to Louisiana Citizens Property Insurance Corporation LA Citizens, and 'BBB' underlying ratings to LA Citizens' $708.2 million assessment revenue bonds, series 2006B, and $300 million assessment revenue bonds, series 2006C auction rate. The Rating Outlook is...
- Research articles 2006-03-30
- Fitch Rates Louisiana Citizens' $978MM Assessment Rev Bonds 'BBB'
- CHICAGO -- Fitch Ratings has assigned a 'BBB' Issuer Default Rating IDR to Louisiana Citizens Property Insurance Corporation LA Citizens, and a 'BBB' underlying rating to LA Citizens' $678.205 million assessment revenue bonds, series 2006B and $300 million assessment revenue bonds, series 2006C auction rate. The Rating Outlook is Stable.
- Research articles 2006-04-11
- Fitch Rates Citizens' High-Risk Account Senior Debt Issue 'A'
- Business Editors NEW YORK--BUSINESS WIRE--May 20, 2004 Fitch Ratings has assigned an expected senior debt rating of 'A' to Citizens Property Insurance Corporation's Citizens $750 million high-risk account senior secured pre-event bonds, series 2004 (auction-rate securities), consisting of series 2004A through series 2004I. This additional debt is...
- Research articles 2004-05-20
- Fitch: Citizens' Ratings Not Affected by Hurricane Charley
- CHICAGO -- Fitch Ratings commented today that it does not expect the long-term and senior debt ratings of Citizens Property Insurance Corporation Citizens to be affected by the losses from Hurricane Charley, as preliminary loss estimates are within expectations for the ratings. A rating list is shown below. Based...
- Research articles 2004-08-17
- Fitch: Citizens' Ratings Not Affected by Hurricane Frances
- CHICAGO -- Fitch Ratings commented today that it does not expect the ratings of Citizens Property Insurance Corporation Citizens to be affected by the losses from Hurricane Frances, as preliminary loss estimates are within expectations for the ratings. A rating list is shown below. Citizens' initial estimate of its...
- Research articles 2004-09-09
- Fitch Affirms Citizens' Ratings; Assessment May Be Needed
- CHICAGO -- Fitch Ratings has affirmed the 'A' long-term issuer and senior debt ratings of Citizens Property Insurance Corporation Citizens. This includes the 'A' rating assigned to the high-risk account senior secured pre-event note issue (series 1997A). Fitch has also affirmed the 'AAA' ratings of Citizens' high-risk account senior secured...
- Research articles 2004-10-05
- Fitch Downgrades Citizens' Long-Term Rating; Outlook Negative
- CHICAGO -- Fitch Ratings has lowered the long-term issuer and senior debt ratings of Citizens Property Insurance Corporation Citizens to 'A-' from 'A'. This includes the rating assigned to the high-risk account senior secured pre-event note issue (series 1997A). The long-term issuer and senior debt Rating Outlook is Negative. Fitch...
- Research articles 2005-10-24
- Fitch: Louisiana Citizens' Ratings Remain on Rating Watch Negative
- CHICAGO -- The 'BBB' Issuer Default Rating IDR of Louisiana Citizens Property Insurance Corporation LA Citizens and the 'BBB' underlying ratings on LA Citizens' $978.2 million assessment revenue bonds remain on Rating Watch Negative by Fitch Ratings. The ratings were initially placed on Rating Watch Negative on Mar. 8,...
- Research articles 2008-04-23
- Fitch Assigns 'AAA' Rating to Citizens' High-Risk Account Guaranteed Debt Issue
- Business Editors CHICAGO--BUSINESS WIRE--May 27, 2004 Fitch Ratings has assigned a 'AAA' rating to Citizens Property Insurance Corporation's Citizens $750 million high-risk account senior secured pre-event bonds, series 2004 Auction Rate Securities, consisting of series 2004A through series 2004I. The rating reflects the unconditional and irrevocable guarantee of...
- Research articles 2004-05-27
- Louisiana Citizens can't shake negative credit rating
- Louisiana's insurer of last resort remains on a negative rating watch by Fitch Ratings. Fitch said it first placed the rating on Louisiana Citizens Property Insurance Corp. on March 8, because of increased uncertainty following news that Citizens, due to computer problems, was having trouble retrieving financial data...
- Research articles 2007-10-01
- Missouri Senate committee supports bill to protect senior citizens
- The Missouri Senate Ways and Means Committee has offered unanimous support to legislation designed to provide senior citizens in Missouri relief from rising assessment obligations. Sponsored by state Sen. Chuck Gross, R-St. Charles, Senate Bill 76 would protect citizens 65 and older from increases in real property taxes by freezing...
- Research articles 2003-03-14
- Trizec Sells First Citizens Plaza in Charlotte for $77.3 Million
- CHICAGO -- Trizec Properties, Inc. (NYSE:TRZ) today announced the sale of First Citizens Plaza in Charlotte, N.C. to Osprey, Ltd. for $77.3 million. The 23-story, 477,000-square-foot office property is located at 128 South Tryon Street in downtown Charlotte. First Citizens Plaza was constructed in 1985. Brian Lipson, Trizec's...
- Research articles 2006-03-13
- Too many mansions? Florida's state-run insurer continues to offer unlimited coverage for the waterfront homes of the wealthy--at prices that some claim are too competitive with private insurers.(Insurance)
- Among the 113,691 claims that swamped Citizens Property Insurance Corp. after last summer's hurricanes, one figure stands out: $973,814.22. It represents a payout to cover the damages to one home, and it's the largest single homeowner claim paid last year by Citizens, Florida's state-created insurer of...
- Research articles 2005-02-01
- NY State Senate is now pressing for property tax relief
- In an effort to provide additional property tax relief for senior citizens, the New York State Senate this week passed legislation (S.6417) to double the size of direct property tax rebate checks for senior citizen homeowners this year, returning about $200 million to seniors.
- Research articles 2007-07-19
- Property remains in ATO headlights.
- Jun 29, 2005 (The Australian Financial Review - ABIX via COMTEX) The Australian Taxation Office ATO plans to chase business and property tax evaders in fiscal 2005-06. Goods & services tax GST assistance commissioner Neil Mann says many people try to exploit the property...
- Research articles 2005-06-29
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