[Liability Insurance] FW: PRESS RELEASE: Citizens extends cancellation moratorium until end of year

Mon Jul 27 14:35:52 PDT 2020

Folks,

Please see the attached update from Citizens, courtesy of Jay Mussman.  It is regarding their extension of their moratorium on policy cancellations through the end of 2020.   Thanks, Jay, for keeping us all up to date!

Best regards,

Michael

Michael G. Meyer, Esq.
Legal Counsel/Sr. Project Manager
AECOM Hunt
8523 W. Sunset Blvd.
2nd Floor
West Hollywood, CA 90069
Business: (512) 417-5914
Cell: (813) 924-2983

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From: Mussman, Jay D. <jmussman at daypitney.com>
Sent: Monday, July 27, 2020 6:33 AM
To: Meyer, Michael <michael.meyer2 at aecom.com>
Subject: [EXTERNAL] FW: PRESS RELEASE: Citizens extends cancellation moratorium until end of year

Good morning

Kindly share attached/below with committee.

Thank you

Regards

Jay D. Mussman | Attorney at Law | Attorney Bio<https://urldefense.proofpoint.com/v2/url?u=http-3A__www.daypitney.com_professionals_M_Mussman-2DJay-2DD&d=DwMFaQ&c=TQzoP61-bYDBLzNd0XmHrw&r=tx_butt-NsjkxkYuZb7WRfbefpT5oRv8hT4lDoVZBvY&m=9jeUqoNSzjetXhYyISrozEhrrYHcVj29HqgOfTCKWxA&s=w3S9C0OM002FlIJyJ1tkGkY5qD82aIv-droB_U-Lq_I&e=>

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From: Newsroom <Newsroom at citizensfla.com<mailto:Newsroom at citizensfla.com>>
Sent: Saturday, July 25, 2020 6:18 PM
To: Newsroom <Newsroom at citizensfla.com<mailto:Newsroom at citizensfla.com>>
Subject: PRESS RELEASE: Citizens extends cancellation moratorium until end of year

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________________________________
[cid:image012.jpg at 01D663F8.DCE76600]

FOR IMMEDIATE RELEASE
JULY 25, 2020

Contact: Michael Peltier
(850) 264-7702 (cell)

Citizens extends cancellation moratorium until end of year

TALLAHASSEE – Citizens Property Insurance Corporation will extend a moratorium on cancellations until the end of 2020 in response to continued challenges facing policyholders from COVID-19 and concerns raised by stakeholders.

Barry Gilway, Citizens President/CEO and Executive Director said the decision to extend the moratorium scheduled to expire August 15 comes in response to concerns raised by CFO Jimmy Patronis and discussions with Citizens Board of Governors Chairman Bo Rivard over timing.

“Our top priority has been and will continue to be our policyholders,” Gilway said. “This extension will provide our customers with further assurances that we have their backs during hurricane season and beyond. I thank CFO Patronis and Chairman Rivard for their input and support.”

Citizens imposed the moratorium in March to address a significant uptick in the percentage of premiums not paid by the due date. That figure has since fallen to pre-COVID-19 levels. Rivard said the rapidly changing Florida landscape warranted a re-evaluation of plans made in early July to end the moratorium August 15.

“Citizens has led the industry in taking care of its customers during these challenging times, and I appreciate that the board has been kept well informed,” Rivard said. “COVID-19 has been a moving target and I agree that at this time it makes good sense to extend the moratorium until the end of the year.”

Customers with questions about premium payments can contact their agent or Citizens directly at 1.866.411.2742 or via email at customer.care at citizensfla.com<mailto:customer.care at citizensfla.com>.

###

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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