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September 04, 2015 12:57 AM ET

Insurance

Company Overview of Citizens Property Insurance Corporation

Company Overview

Citizens Property Insurance Corporation provides property insurance protection products for home and condominium owners, and businesses in Florida. The company also provides policy services and underwriting, claims, and customer support. Citizens Property Insurance Corporation was formerly known as Florida Residential Property and Casualty Joint Underwriting Association and changed its name to Citizens Property Insurance Corporation in May 2002. The company was founded in 1992 and is based in Tallahassee, Florida with additional offices in Jacksonville and Tampa.

2312 Killearn Center Boulevard

Building A

Tallahassee, FL 32309

United States

Founded in 1992

Phone:

850-513-3770

Fax:

850-513-3900

Key Executives for Citizens Property Insurance Corporation

Chief Executive Officer, President and Executive Director
Chief Financial Officer
Chief Information officer
Chief Administrative Officer
Chief Legal Officer
Compensation as of Fiscal Year 2015.

Citizens Property Insurance Corporation Key Developments

Citizens Property Insurance Corp. Moves into EverBank Center Downtown

The Citizens Property Insurance Corp. Board of Governors approved to move into the EverBank Center Downtown, where it will consolidate 1,038 workers from across the state. Citizens signed a 10-year lease for the Downtown center owned by Amkin West LLC, who outbid Crocker Partners for the lease. Amkin West LLC proposed $41.6 million over a 10-year period, while Crocker Partners offered two options, one for $48.7 million and the other $46.3 million, for three separate buildings. The cost of the move, including $3.5 million for office equipment, is estimated at $49.9 million. The move will relocate IT workers from Tampa and Tallahassee as well as consolidate the workforce now in four suburban Jacksonville location. The lease includes a two-year renewal option, and a six-month rent free move-in period.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 15, 2014
Citizens Property Insurance Corporation, Approx. 37,000 Personal and Commercial Residential Policies
 

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