Citizens Depopulation Program News

Florida’s Citizens Expects Policy Count Increase in 2018, Plans Claims System Upgrade

Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began several years ago. As it moves on …

Louisiana Citizens Property Insurance Policy Count Continues to Drop

The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. The eleventh round of depopulation is underway for the Louisiana …

Florida Approves Nearly 1,500 Citizens Commercial Policies for July Takeouts

The Florida Office of Insurance Regulation (OIR) has approved the following company to participate in the July Citizens Property Insurance Corporation (Citizens) take-out period. For the June 20, 2017 Commercial Residential Take-Out period: Weston Insurance Company – approved to remove …

10K Florida Personal Lines Policies Approved for Citizens Takeouts

The Florida Office of Insurance Regulation (OIR) has approved one company to participate in the June Citizens Property Insurance Corporation take-out period. For the June 20, 2017 Personal Residential Take-Out Period: Weston Insurance Co: – approved to remove up to …

Florida Approves 15K Citizens Policies for April Take-Outs

The Florida Office of Insurance Regulation (OIR) has approved the following company to participate in the April Citizens Property Insurance Corp. take-out period. April 18, 2017 Personal Residential Take-Out Period: Southern Oak Insurance Co. – approved to remove up to …

Florida Approves Nearly 70K Citizens Policies for November Take-Outs

The Florida Office of Insurance Regulation (OIR) has approved the following companies to participate in the November Citizens Property Insurance Corp. take-out period. The total number of policies approved is 69,746. November 22, 2016 Personal Residential Take-Out Period: Homeowners Choice …

Up to 15,000 Policies Approved for Removal from Citizens by Florida

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 15,000 personal residential policies from Citizens Property Insurance Corp. for the July 19, 2016 take-out period. The following company has been approved to participate: Southern Oak …

Florida Approves Removal of up to 19K Policies from Citizens

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 19,535 personal residential policies from Citizens Property Insurance Corporation (Citizens) for the June 21, 2016 take-out period. The following company has been approved to participate: National …

Florida Approves 81,500 Citizens Policies for May 2016 Take-Out

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 80,000 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation (Citizens). The following three companies have been approved to participate: Anchor Property …

Florida Lawmakers Reintroduce Bill Limiting Citizens’ Take-Out Letters

Florida legislators may try once again give additional protections to customers of Citizens Property Insurance. A Senate panel on Feb. 25 approved a bill that would put a limit on how many times a year a homeowner could be asked …