Citizens policies increase after steep drop
By Christine DiMattei
July 2, 2025 at 11:31 AM EDT
When it comes to policy counts with Florida's property insurance company of last resort — the rollercoaster ride continues.
After a steep drop the previous week, the number of policies in the Citizens Property Insurance Corporation increased slightly last week.
According to data posted on its website, Citizens now has about 778,000 policies.
Citizens' so-called “depopulation” program is aimed at shifting customers into the private market.
The company became the largest carrier in the state in recent years as private insurers dropped customers and raised rates because of financial problems.
State leaders have long sought to hold down the number of policies in Citizens, at least in part because of risks if Florida gets hit by a major hurricane or multiple hurricanes.
Citizens reached as many as 1.4 million policies in 2023, but the number has steadily dropped because of the depopulation program and improvements in the private market.
READ MORE: Florida homeowners with Citizens insurance see lower premiums
This is a News In Brief report. Visit WLRN News for in-depth reporting from South Florida and Florida news.
After a steep drop the previous week, the number of policies in the Citizens Property Insurance Corporation increased slightly last week.
According to data posted on its website, Citizens now has about 778,000 policies.
Citizens' so-called “depopulation” program is aimed at shifting customers into the private market.
The company became the largest carrier in the state in recent years as private insurers dropped customers and raised rates because of financial problems.
State leaders have long sought to hold down the number of policies in Citizens, at least in part because of risks if Florida gets hit by a major hurricane or multiple hurricanes.
Citizens reached as many as 1.4 million policies in 2023, but the number has steadily dropped because of the depopulation program and improvements in the private market.
READ MORE: Florida homeowners with Citizens insurance see lower premiums
This is a News In Brief report. Visit WLRN News for in-depth reporting from South Florida and Florida news.