Citizens takeout offers News

Florida OIR Approves Another 153,000 Citizens Takeouts; Assumption Rate is Low

Florida’s Office of Insurance Regulation has approved the take out of another 153,000 policies from Citizens Property Insurance Corp., the state’s price-controlled residual insurer. Almost half of the takeouts were approved for Slide Insurance, which has grown rapidly in the …

Florida Approves Nearly 70K Citizens Policies for November Take-Outs

The Florida Office of Insurance Regulation (OIR) has approved the following companies to participate in the November Citizens Property Insurance Corp. take-out period. The total number of policies approved is 69,746. November 22, 2016 Personal Residential Take-Out Period: Homeowners Choice …

Florida Approves September, October Take-Outs of More Than 40K Citizens Policies

The Florida Office of Insurance Regulation (OIR) has approved a total of 40,650 personal lines, commercial lines, and coastal account policies from the following companies to participate in the September and October Citizens Property Insurance Corporation take-out periods. September 20, …

Florida Approves 81,500 Citizens Policies for May 2016 Take-Out

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 80,000 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation (Citizens). The following three companies have been approved to participate: Anchor Property …

Florida Lawmakers Reintroduce Bill Limiting Citizens’ Take-Out Letters

Florida legislators may try once again give additional protections to customers of Citizens Property Insurance. A Senate panel on Feb. 25 approved a bill that would put a limit on how many times a year a homeowner could be asked …