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12 April 2024Insurance

Florida residual insurer Citizens plots burst of 2024 policy take-outs

The Florida state insurer of last resort Citizens CPIC handed over 114,559 policies to the private sector in its depopulation drive in the first months of 2024 and expects a minimum of another 244,500 to year-end.

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Florida’s Citizens shapes $5.5bn 2024 reinsurance buy; Lightning Re is back

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4 December 2023 Reheat of depopulation cut exposure growth in H2 2023 to hold 2024 1:100 PML in line.

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13 October 2023 The insurer has decided to sell its 49% stake in CPIC Fund Management.

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