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Citizens suggests policyholders update insurance ahead of Matthew

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Citizens Property Insurance Corporation advised its policyholders Wednesday to update their policy information ahead of Hurricane Matthew, which is expected to pass along Florida’s east coast Thursday through Saturday. “Policyholders need to remember that their personal safety is the highest priority,” said Barry Gilway, Citizens president, CEO, and executive director. “Take precautions and follow instructions of local emergency management agencies. Citizens is ready to help you recover.” The state-backed insurer advised policyholders to make sure their contact and mortgage company…

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Citizens Insurance to spend $1.8M for investigating water damage claims

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The Citizens Property Insurance Corp. board of governors Tuesday approved a $1.8 million contract with a company that will examine escalating water damage claims from policyholders and determine whether the charges are excessive. “The goal is to identify inflated or excessive charges on invoices from contractors that have performed water damage restorations for Citizens’ policyholders and to contest or adjust invoices so it comports with industry standards,” said Jay Adams, Citizens’ chief of claims. Without debate, the board unanimously approved…

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