News & Updates


Citizens plans to shed at least 130,000 more policies through 2016

After shedding around 900,000 policies over the past three years, Florida’s state-run insurer of last resort plans to downsize even more through 2016.

Citizens Property Insurance Corp. has reduced its risk from nearly 1.5 million policies in 2012 to less than 586,000 policies today and sees itself shrinking further — to between 400,000 and 450,000 policies by the end of next year, company officials said this week.