Citizens Starts Year with 935K Policies
State leaders aim to minimize the number of policies in Citizens, in part due to the financial risks if the state gets hit by major storms.
TALLAHASSEE, Fla. — Amid efforts to shift customers into the private market, the state’s Citizens Property Insurance Corp. started 2025 with more than 935,000 policies. Data posted on the Citizens website showed it had 935,576 policies as of Friday. That was down slightly from 936,203 policies a week earlier.
Citizens was created as an insurer of last resort but grew to become the state’s largest insurer in recent years because of financial problems among private carriers. After reaching as many as 1.412 million policies in 2023, Citizens has used what is known as a “depopulation” program to shift policies to private insurers. It dipped below 1 million policies in November.
State leaders want to minimize the number of policies in Citizens, at least in part because of financial risks if the state gets hit by a major hurricane or multiple hurricanes. If Citizens wouldn’t have enough money to pay claims, policyholders throughout the state — including possibly non-Citizens policyholders — could have to pay what are known as “assessments” to cover the costs.
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