What Citizens Insurance depopulation means for Florida homeowners
Local NewsProperty owners to receive depopulation noticesORLANDO, Fla. – Once viewed as the insurer of last resort, Citizens Property Insurance Corporation has experienced an unprecedented surge in popularity amidst Florida’s property insurance crisis.As rates soared, this state-backed carrier amassed a staggering 1.25 million active policies. Now, however, that number is about to be halved as the state rolls out a depopulation initiative.More than 648,000 Citizens policies are slated for transfer […]