Citizens’ Policies Inch Up, Top 945K
A week earlier, the state’s insurer of last resort had 942,810 policies. Citizens’ policies are expected to decrease soon due to more depopulation efforts.
TALLAHASSEE, Fla. — The number of Citizens Property Insurance Corp. policies inched up last week and topped 945,000, according to information on the state insurer’s website.
Citizens had 945,005 policies as of last Friday, up from 942,810 policies a week earlier and 941,158 policies two weeks earlier.
Citizens, which was created as an insurer of last resort, grew to 1.4 million policies in 2023 amid financial problems in the private market. But its policy count has decreased because of what is known as a “depopulation” program aimed at shifting policies to private insurers and improvements in the overall market.
With additional rounds of depopulation planned, Citizens expects decreases in its policy count in the coming months. Citizens leaders and other state officials have long sought to reduce the number of Citizens policies, at least in part because of financial risks if the state gets hit by a major hurricane or multiple hurricanes.
© 2025 The News Service of Florida. All rights reserved.