Thursday, January 26 2023
The state-backed Citizens Property Insurance Corp added more than 3,000 policies the week of Jan. 16 as it neared a total of 1.15 million policies, according to data posted on its website.
Citizens had 1,148,629 policies, up from 1,145,178 a week earlier.
Citizens, which was created as an insurer of last resort, has seen explosive growth during the past two years as private insurers have dropped customers and raised rates because of financial problems.
By comparison, Citizens had 759,305 policies at the end of 2021 and 542,739 policies at the end of 2020.
Tuesday, January 24 2023
Citizens is updating their eligibility rules to comply with Senate Bill 2-A, passed by Florida legislators during the December 2022 Special Session. This communication covers new business only. We will send information about renewal at a later date.
If the above limits are not available from the NFIP, Citizens will accept the maximum coverage amount for which the insured is eligible. Maximum NFIP limits: