Florida Citizens Insurance Adds More Than 13,000 Policies

Insurance Policy (Source: TFP File Photo)

The state-backed Citizens Property Insurance Corp. added more than 13,000 policies last week, as homeowners continued to look for coverage amid the troubled insurance market.

Citizens had 1,223,204 policies as of Friday, up from 1,209,713 policies a week earlier, according to information posted on its website Tuesday.

Citizens, which was created as an insurer of last resort, has seen massive growth during the past two years as private insurers have dropped customers and raised rates because of financial problems.

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By comparison, Citizens had 569,868 policies on March 31, 2021, and 817,926 policies on March 31, 2022.

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