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Florida’s Citizens Property Insurance hits over a million policies

September 22, 2022


New data from Citizens Property Insurance – Florida’s insurer of last resort – reveals that it had added about 8,000 policies last week, bringing the insurer’s total policyholder count to just over a million.

As of September 16, Citizens’ total policyholder count reached 1,055,366; the number is more than double the number of policies Citizens had two years ago, CBS Miami reported, as the insurer continues to take on more policyholders. Several private insurers have either stopped renewing policies or have pulled out of Florida altogether due to their heavy losses – and five have even been placed into receivership since February.

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