The state-backed Citizens Property Insurance Corp. has topped 1.2 million policies and continues to see a flood of new customers.
Citizens had 1,203,840 policies as of Friday, an increase of 6,481 policies from a week earlier and up 14,735 policies from two weeks earlier, according to data posted Monday on its website.
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.
In the news: Florida Man’s Run From The Deputies Ends With Blown Tires And Booking Photo
By comparison, Citizens had 552,340 policies on Feb. 28, 2021, and 792,616 policies on Feb. 28, 2022.
It last had more than 1.2 million policies in October 2013.
Android Users, Click Here To Download The Free Press App And Never Miss A Story. Follow Us On Facebook Here Or Twitter Here. Signup for our free newsletter by clicking here. We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps.
Login To Facebook From Your Browser To Leave A Comment