Citizens Property Insurance now has 1.22 million Florida policies

Share
Citizens Property Insurance

©2024 The News Service of Florida

The state’s Citizens Property Insurance Corp. added more than 5,000 policies last week and topped an overall total of 1.22 million policies.

Citizens had 1,220,271 policies as of Friday, up from 1,215,064 policies a week earlier and 1,211,914 policies two weeks earlier, according to information posted Monday 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.

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 recently that estimates show Citizens could have fewer than 1 million policies by the end of the year.

You may also like

Tropical Storm Rafael forms, watches issued for parts of Florida

Tropical Storm Rafael could reach category two hurricane status just...

Talking Animals: veteran advocate delivers anatomy of a victorious, major animal rights campaign

Jodie Wiederkehr, Executive Director of Chicago Alliance for Animals ...

Fascist violence and the truth laid bare

Commemorative in Ocoee, FL marking racist election day violence in...

The 2024 Veganic Summit with Meg Kelly

Join Anni and Tanja to discuss organic gardening, farming and...

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'.

Follow us on Instagram

The Morning Show Tuesday
Player position: