Citizens reforms News

Florida’s Citizens Policy Count Reaches Lowest Level on Record

Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest level recorded since Citizens was …

Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance

Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to take on more property risks. Insurance Commissioner …

Florida’s Citizens Seeks Lawmakers’ Help to Raise Rates, Shrink Size

Florida’s largest property insurer wants sweeping changes β€” including the ability to charge higher rates β€” in the coming year. It may be a hard sell during a contentious election year, but the board that governs Citizens Property Insurance voted …