With troubles continuing in the homeowners’ insurance market, the state-backed Citizens Property Insurance Corp. added about 7,000 policies last week.
Citizens, which was created as an insurer of last resort, had 1,020,202 policies as of Friday, up from 1,013,147 policies a week earlier, according to the Citizens website. With private insurers shedding policies to reduce financial risks and, in some cases, going insolvent, Citizens has more than doubled in size over the past two years.
As illustrations, Citizens had 499,056 policies on Aug. 31, 2020, and 687,079 policies on Aug. 31, 2021, according to data posted on its website.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another property insurer exits the Florida market - Jacksonville Business JournalThe move comes as Citizens Property Insurance Corp. balloons to more than 1 million policies.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Incoming PNC exec on the changes to come in banking - Jacksonville Business JournalPNC North Florida's new president came to PNC from BBVA in 2021, when PNC acquired it.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
PGA Tour announces new enhancements, player commitments - Jacksonville Business JournalGolf's top tour is now competing with rival LIV Golf for the world's top talent.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
DeSantis wants pot companies to pay more - Jacksonville Business JournalFlorida's governor this week said cannabis operators need to pay more for the opportunity to do business in the state.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
St. Pete releases new RFP for Tropicana Field property - Jacksonville Business JournalSt. Petersburg Mayor Ken Welch has released his version of a request for proposals to redevelop the Tropicana Field property — and this time, there's less land available to interested developers.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
DeSantis wants pot companies to pay more - Jacksonville Business JournalFlorida's governor this week said cannabis operators need to pay more for the opportunity to do business in the state.
Source: JaxBizJournal - 🏆 599. / 51 Read more »