Citizens Drops Below 800K Policies, Expected to Fall Under 654K by End of Year as Customers Shift to Private Market

Citizens Insurance seeks 15% rate hike for 2026

Citizens Insurance is positioning itself to seek a 15% rate hike for next year after the insurer's Board of Governors voted Wednesday on the request.The rate hike request is at the limit set by the state and is designed to keep Citizens' rates more in line with the market rates of private insurers.WATCH BELOW: Citizens wants to raise rates by double digits in 2026 Citizens Insurance seeks 15% rate hike for 2026The latest data from Citizens Insur…

Florida's largest insurer hits major milestone with policy cuts

Citizens' policy count, which ballooned during the pandemic, is now under 800,000, marking a three-year low for the company.

Citizens drops below 800K policies, expected to fall under 654K by end of year as customers shift to private market

Citizens Property Insurance Corp.’s policy count dropped below 800,000 last week and is projected to plunge to fewer than 654,000 by the end of the year, the state insurer’s top executive said Wednesday.

Citizens Insurance drops below 800,000 policies

Citizens had 777,592 policies last Friday, the lowest number at a comparable time of year since June 2021, according to data on its website.

St. Pete insurance firm takes on 20,000 Citizen policies

The is the second batch of policies the company has assumed from the state-run insurer.

Citizens CEO hails 'tremendous' impact of reforms on Florida’s property insurance market

Tim Cerio, President, CEO, and Executive Director of Citizens Property Insurance Corporation, has suggested that Florida’s property insurance market is strong and well on the path to recovery, largely due to legislative reforms enacted in 2022. According to Cerio, the firm continues to benefit from improving market conditions driven by recent legislative reforms. He noted that new private insurers are entering the Florida market, existing compan…