Up to 280,857 More Policies Approved for Removal From Citizens

September 7, 2015

FLOIR has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corp. by the following seven companies:

  • Anchor Property & Casualty Insurance Co. – approved to remove up to 40,000 personal residential policies
  • Cypress Property & Casualty Insurance Co. – approved to remove up to 23,000 personal residential policies
  • Heritage Property & Casualty Insurance Co. – approved to remove up to 50,000 personal residential policies and up to 500 commercial residential policies
  • Homeowners Choice Property & Casualty Insurance Co. – approved to remove up to 51,666 personal residential policies
  • Olympus Insurance Co. – approved to remove up to 21,691 personal residential policies
  • Safepoint Insurance Co. – approved to remove up to 38,000 personal residential policies
  • United Property & Casualty Insurance Co. – approved to remove up to 55,000 personal residential policies and up to 1,000 commercial residential policies

The take–out periods are Oct. 27, 2015 for personal residential policies and Oct. 20, 2015 for commercial residential policies.

FLOIR said the total number of policies approved for potential take–outs in 2015 is now at 994,193. To date, 128,133 policies have been removed from Citizens this year.

Topics Property Property Casualty Casualty

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Insurance Journal West September 7, 2015
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