Citizens wins Model Insurer Award for Clearinghouse Program

Citizens wins Model Insurer Award for Clearinghouse Program

CITIZENS PROPERTY INSURANCE CORPORATION
2312 KILLEARN CENTER BLVD., BUILDING A
TALLAHASSEE, FLORIDA 32309
TELEPHONE: (850) 513-3700 FAX: (850) 513-3903

FOR IMMEDIATE RELEASE

April 1, 2015
Contact: Michael Peltier
(850) 513-3774

Citizens wins Model Insurer Award for Clearinghouse Program

TALLAHASSEE, FL – Citizens Property Insurance Corporation continues to receive national attention and accolades for its Property Insurance Clearinghouse after receiving another industry award for innovation and best business practices.

On March 23, Citizens was recognized by Celent, an international firm focusing on information technology in the financial services industry, as a Model Insurer for its creation and successful launch of the Property Insurance Clearinghouse. The computer-based platform provides consumer and agent access to private insurers offering comparable coverage at competitive rates.

Launched in January 2014, the clearinghouse has resulted in greater insurance choice for Florida homeowners as well as reduced financial risk to the state’s insurer of last resort. The program is directly responsible for reducing Citizens exposure by more than $600 million by steering thousands of new and existing policyholders to private market alternatives. Citizens was among 15 companies to be honored by Celent for a variety of information technology initiatives.

“Strong best practices such as optimization of infrastructure, planned reuse and the improved use of distribution channels were factors in Celent choosing Citizens as a winner,” said Karen Monks, a Celent analyst and author of the report.

The award is the latest accolade received by Citizens for the clearinghouse program, a partnership with Bolt Solutions Inc. that is now in its second year. In November, Insurance Networking News awarded Citizens its 2014 Best Practices Award.

“We are thrilled to win yet another award for our clearinghouse project,” said Steve Bitar, Citizens Chief of Consumer and Agent Services. “The success of this program is the result of a true team effort from a dedicated and skilled group. Our thanks to Celent for sponsoring the Model Insurer awards and for giving us an opportunity to share our story.”

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Chris Gardner, Chairman, Orange County ● Gary Aubuchon, Lee County
Bette Brown, Monroe County ● Juan Cocuy, Palm Beach County ● Don Glisson, Jr., St. John County Jim Henderson, Seminole County ● James Holton, Pinellas County ● Freddie Schinz, Okaloosa County John Wortman, St. Johns County ● Barry Gilway, President/CEO and Executive Director

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