[Liability Insurance] FW: Press Advisory: Citizens CEO Gilway responds to House passage of HB 5065

Thu Apr 11 12:20:31 PDT 2019

Please see attached – thanks to Jay Mussman

Scott P. Pence | Carlton Fields
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From: Mussman, Jay D. <jmussman at daypitney.com>
Sent: Thursday, April 11, 2019 3:15 PM
To: Pence, Scott <spence at carltonfields.com>
Subject: FW: Press Advisory: Citizens CEO Gilway responds to House passage of HB 5065
Importance: High

Good afternoon

Please share with committee

Please also share with those on the legislation sub-committee

Thank you

Regards

Jay D. Mussman | Attorney at Law | Attorney Bio<http://www.daypitney.com/professionals/M/Mussman-Jay-D>

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From: Newsroom [mailto:Newsroom at citizensfla.com]
Sent: Thursday, April 11, 2019 3:07 PM
To: Newsroom
Subject: Press Advisory: Citizens CEO Gilway responds to House passage of HB 5065

[[EXTERNAL EMAIL]]
________________________________
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FOR IMMEDIATE RELEASE
April 11, 2019

Contact: Michael Peltier
850.513.3774
850.264.7702 (cell)

Advisory: Citizens CEO Gilway responds to House passage of HB 7065

TALLAHASSEE, FL – Citizens CEO, President and Executive Director Barry Gilway made the following statements following the House passage of HB 7065<https://www.myfloridahouse.gov/Sections/Bills/billsdetail.aspx?BillId=66245&SessionId=87>.

“The bill approved today would take significant steps toward reducing unnecessary litigation and assignment of benefit abuse that are driving up rates for our policyholders,” Gilway said. “As written, this bill will result in lower 2019 rates for some of our policyholders and shorten the time it will take us to provide relief to all of our customers.

“Citizens actuaries are ready to incorporate these changes into their calculations as they go back and reassess our 2019 rate recommendations now pending before the Office of Insurance Regulation.”

“While not providing immediate premium reductions to all Citizens policyholders, the legislation would go a long way toward stabilizing rates and shortening the time it takes for Citizens to provide rate reductions to its policyholders,” Gilway said.

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In 2002, the Florida Legislature created Citizens Property Insurance Corporation (Citizens), a not-for-profit alternative insurer, whose public purpose is to provide insurance to, and serve the needs of, property owners who cannot find coverage in the private insurance market.

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