The last time Citizens ended the year with fewer policies than it started was 2018, when the count was reduced from 440,406 policies to 427,397.
Some property owners with flood insurance through the National Flood Insurance Program (NFIP) will soon have a more flexible payment option.
Counties with the highest estimated insured losses from Hurricanes Milton and Helene include Pinellas, Hillsborough, Pasco and Manatee.
The program, similar to My Safe Florida Home, provides services to protect residences against storms and reduce insurance premiums.
Several insurance experts said fewer major hurricanes striking highly populated parts of Florida in 2023 might have contributed to the latest decline in litigation.
Policyholders had received about $894 million from the National Flood Insurance Program due to Hurricanes Debby, Helene and Milton.
Experts said Florida has done well protecting buildings from wind damage and should now focus on protections from storm surge.
The storm may have limited impacts on Florida as recovery efforts for Hurricanes Milton and Helene continue and independent contractors get more FEMA aid.
The Florida Hurricane Catastrophe Fund is expected to have sufficient cash reserves to cover its portion of losses if the preliminary estimates hold steady.
A new Freddie Mac survey found more people today are concerned about natural disaster risks, which could shape the future of real estate markets.
