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.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Citizens Insurance picks up another 7,000 policies - Jacksonville Business JournalThe surge at the the insurer of last resort is unprecedented.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Another property insurer exits the Florida market - Jacksonville Business JournalThe move comes as Citizens Property Insurance Corp. balloons to more than 1 million policies.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Jacksonville among top cities for young financial advisers - Jacksonville Business JournalYoung advisers in Jacksonville receive among the among the most competitive salaries in the industry, a recent report shows.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Underwater Mechanix Services hired to dredge Big and Little Fishweir creeks - Jacksonville Business JournalThe creeks are located near downtown, with Big Fishweir Creek entering the St. Johns River just north of the Ortega River.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Three unions agree to tentative labor agreements with railroads - Jacksonville Business JournalWhile a major step forward, the rail carriers still need to reach a deal with the two biggest unions representing engineers and conductors.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
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.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »