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15 August 2023Insurance

Florida claims homeowner rebuild on new entrants, Citizens take-outs

Florida claimed to be garnering a trickle of renewed interest in its homeowners market as regulators approved a second carrier entry on the market following recent reforms alongside approval for take-out of 280,000 policies from the overburdened state insurer of last resort, Citizens.

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More on this story

Insurance
25 September 2023   State residual insurer Citizens has upped its market share 5 pts to 20% since 2022.
Insurance
6 September 2023   A ‘growing number’ of single-state carriers fit a financial pattern from recent downfalls.
Insurance
12 July 2023   ‘I want additional scrutiny on this company,’ the state CFO said, hinting inquiry and fines.