The state’s Citizens Property Insurance Corp. has topped 1.387 million policies, as it continues to add thousands of customers a week.
Citizens had 1,387,163 policies Friday, up from 1,379,289 policies a week earlier and 1,370,175 policies two weeks earlier, according to data posted on its website.
Citizens, which was created as an insurer of last resort, has seen a flood of new customers over the past three years as private insurers have shed policies and raised rates because of financial problems.
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For example, Citizens had 499,056 policies on Aug. 31, 2020; 687,079 policies on Aug. 31, 2021; and 1,026,829 policies on Aug. 31, 2022, according to its website.
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