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Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere.
In 2019, Citizens Insurance, the state-created and taxpayer-backed insurance company of last resort, ordered 2,200 home inspections. By the end of 2023, the company estimates that it will have ...
In the first meetings of officials from the state’s largest insurer' since back-to-back hurricanes raked Florida, Citizens Property Insurance Corp. acknowledged data showing half of last year ...
With private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50% in 2022.
But the hardening underwriting market has left a gap, leaving some buildings uninsurable, said Jay Adams, chief insurance officer of Citizens Property Insurance Corp., in speaking to the Actuarial ...
From 2018 to 2023, the state-operated home insurers of last resort in California, Florida, and Louisiana saw their total number of policyholders double, with the Florida insurer of last resort, Citizens Property Insurance Corporation, increasing to 1.4 million policyholders and became the largest home insurer in the state.
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