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Citizens Looks To Move Policies To Private Market

Dec 15, 2019
graphic of Citizens decreasing market share
Citizens Property Insurance Corp.

The state-backed Citizens Property Insurance Corp., considered an insurer of last resort, is again looking at ways to downsize its policy count.

State regulators have approved rate hikes for the Citizens property insurance company.  The state-backed insurer will increase premiums in response to water loss claims.

State-Backed Citizens Insurance May Put Early End to Storm Tax

Sep 20, 2014

A 1 percent charge imposed on most homeowners' policies to help the state-backed Citizens Property Insurance Corp. cover losses from the last of the 2005 hurricanes may come off the books two years early.

Citizens' Board of Governors will be asked Wednesday to put an end date of July 1, 2015, on the storm assessment, which has been slated to continue until June 30, 2017, according a proposal on the board's agenda.