Florida Citizens take-out policies News

Florida Approves Removal of Nearly 80,000 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 78,897 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. by the following four companies: First Community Insurance Co. ‒ approved to remove …

Florida Approves Removal of 93,500 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 93,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. as part of the state’s ongoing effort to reduce the number of policies …

Homeowners Choice Grabs 36,000 Policies from Florida’s Citizens

Homeowners Choice Property & Casualty Insurance Co. Inc. said it has assumed 36,000 policies from Florida’s Citizens Property Insurance Corp., of which an estimated 30,000 are wind-only. The assumptions, effective Dec. 16, 2014, are based upon an approval in October …

Florida Approves Southern Oak Take-Out of 10,000 Policies from Citizens

The Florida Office of Insurance Regulation (OIR) said it has approved the removal of up to 10,000 multi-peril personal residential policies from the state-backed property insurer Citizens Property Insurance Corp. by Southern Oak Insurance Co. Southern Oak requested in April …

Florida’s Citizens Has New Plan to Shift 200,000 Policies to 8 Private Insurers

Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday that as many as 200,000 customers from across the state …

Florida Approves More Policy Takeouts at Citizens; Also OKs Commercial Rate Hikes

Florida regulators announced that two property insurance companies have been approved to take out up to 100,000 policies from the state-backed insurer in December, adding to the 210,000 policies already slated for removal in November. State regulators also approved the …