Florida Citizens depopulation News

Florida Approves 66,500 Policies from Citizens for April Take-Outs

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 65,000 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corp. The following two companies have been approved to participate:  Anchor Property & …

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 Approves Removal of Up to 75,115 Policies from Citizens

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 72,534 personal residential policies and 2,581 commercial residential polices from Citizens Property Insurance Corporation. The following three companies have been approved to participate: Avatar Property & …

Florida Approves First Citizens Take-Out Offers for 2016

​The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 127,266 personal residential policies and 3,268 commercial residential/non-residential polices from Citizens Property Insurance Corporation. The announcement represents the first take-out for 2016 and the following five …

Florida Approves the Removal of Up To 142,500 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 140,000 personal residential policies and 2,500 commercial residential polices from Citizens Property Insurance Corp. by the following four companies: Anchor Property & Casualty Insurance Co. – approved …

Florida Approves Removal of Up to 184,500 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 181,909 personal residential policies and 2,591 commercial residential/non-residential polices from Citizens Property Insurance Corporation (Citizens) by the following six companies: Anchor Property & Casualty Insurance Co. – …

Florida Approves Removal of Up to 280,857 Policies From Citizens

The Florida Office of Insurance Regulation announced today that it has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation by the following seven companies: Anchor Property & Casualty …

Florida Approves Removal of More Than 80,000 Policies from Citizens

The Florida Office of Insurance Regulation (FLOIR) approved the removal of up to 80,000 personal residential policies and 1,050 commercial residential polices from Citizens Property Insurance Corp. (Citizens) by the following three companies: Heritage Property & Casualty Insurance Co. – …

Homeowners Choice Grabs 36,000 Policies from Florida’s Citizens

Homeowners Choice Property & Casualty Insurance Co. Inc. said it has assumed 36,000 policies from Florida’s Citizens Property Insurance Corp., of which an estimated 30,000 are wind-only. The assumptions, effective Dec. 16, 2014, are based upon an approval in October …

Citizens’ Takeout Program Undergoing Changes; Says Assessments Unlikely

Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need policyholder assessments next year. Citizens …