Citizens Property Insurance

Florida’s Citizens Property Insurance Corp. added more than 5,000 policies last week and topped an overall total of 1.22 million policies.

Reinsurance plays a critical role in the Florida market, as it can help insurers pay claims if hurricanes cause major damage.

Citizens officials have said they do not expect private carriers to take out policies over the next few months.

The state’s Citizens Property Insurance Corp. topped 1.211 million policies last week, as it continued to add thousands of customers.

Citizens Property Insurance Board of Governors backed a proposal for customers to see double-digit rate increases in 2025.

The U.S. Senate Budget Committee will hold a hearing Wednesday about how climate change is affecting insurance markets.

Florida's Citizens Property Insurance Corp. added nearly 5,000 policies last week,

Citizens Property Insurance had a nearly 13,000-customer decrease last week as private insurers could take policies through “depopulation.

Florida’s Citizens Property Insurance approved spending as much as $750 million on reinsurance for backup coverage before hurricane season.

A bill limiting teacher preparation programs and one moving policies out of the state’s Citizens Property Insurance have been sent to Florida Gov. DeSantis.

Private insurers pulled more than 275,000 policies last year from Florida’s Citizens Property Insurance and nearly 115,000 this year,

Citizens had about 1.162 million policies Friday, down from 1.18 million policies a week earlier.