Citizens Property Insurance

Citizens Property Insurance had a nearly 13,000-customer decrease last week as private insurers could take policies through “depopulation.

Florida’s Citizens Property Insurance approved spending as much as $750 million on reinsurance for backup coverage before hurricane season.

A bill limiting teacher preparation programs and one moving policies out of the state’s Citizens Property Insurance have been sent to Florida Gov. DeSantis.

Private insurers pulled more than 275,000 policies last year from Florida’s Citizens Property Insurance and nearly 115,000 this year,

Citizens had about 1.162 million policies Friday, down from 1.18 million policies a week earlier.

Senate Budget Chair Sheldon Whitehouse sent a letter that cited a recent comment by Florida Gov. Ron DeSantis that Citizens is “not solvent.”

"... according to Florida’s own governor, Citizens faces a major solvency crisis and would be unable to pay out all claims and expenses should a major storm hit Florida,” Sen. Sheldon Whitehouse wrote.

The Florida House passed a bill that could lead to at least some second homes moving from Citizens to the private insurance market.

Florida regulators approved proposals by three private insurers to take 54,386 policies from the state’s Citizens Property Insurance.

The Florida Senate Fiscal Policy Committee approved a bill that could let homes valued at more than $700,000 be covered by Citizens Property Insurance.

Florida regulators approved a plan that could lead to condominium-association policies leaving the state’s Citizens Property Insurance Corp.

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