More than 1.2 million Floridians still have Citizens Property Insurance

Share
Citizens Property Insurance

©2024 The News Service of Florida

The state’s Citizens Property Insurance Corp. topped 1.211 million policies last week, as it continued to add thousands of customers.

Citizens had 1,211,914 policies as of Friday, up from 1,207,292 policies a week earlier and 1,202,696 policies two weeks earlier, according to information on its website.

Citizens, which was created as an insurer of last resort, has become the state’s largest carrier in recent years as private companies dropped policies and raised rates because of financial problems.

Citizens reached as many as 1.412 million policies in fall 2023 before seeing reductions because of what is known as a “depopulation” program designed to shift policies into the private market.

State leaders have long sought to limit the number of policies in Citizens, at least in part because of financial risks if Florida is hit by a major hurricane or multiple hurricanes.

With hurricane season starting June 1, Citizens officials have said they do not expect private carriers to take out policies over the next few months.

But Citizens President and CEO Tim Cerio said during a meeting last month that new estimates show Citizens could have fewer than 1 million policies by the end of the year.

Leave a Reply

  • (will not be published)

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

You may also like

Hurricane Helene
Hurricane Preparedness Week 2025: How to get ready

NOAA predicts a slightly above average hurricane season, with 17...

Florida Capitol
Florida’s largest teachers union says legislature has ‘failed educators’

Listen: It’s Teacher Appreciation Week, but the Florida Education Association...

Hurricane Helene
The mayors of Pinellas beach communities talk about hurricane survival and preparation

The mayors of Redington Beach, Treasure Island, Madeira Beach, Indian...

The Scoop: Tues. May 6, 2025, Tampa Bay and Florida headlines by WMNF

Roundup of news headlines produced for WMNF Community Radio: AQI...

Ways to listen

WMNF is listener-supported. That means we don't advertise like a commercial station, and we're not part of a university.

Ways to support

WMNF volunteers have fun providing a variety of needed services to keep your community radio station alive and kickin'.

Traffic Jam Tuesday
Traffic Jam Tuesday