As more insurers withdraw from the state, the insurer of last resort is bloated with policies. Citizens Property Insurance is slated to reach 1.7 million home insurance policies in Florida by the end of the year. This is over three times the number of policies it had in 2020 and far more than it was designed to cover. The issue leading so many home insurance customers to have to turn to Citizens is that insurers have been leaving the state, going under, or issuing non-renewal notices to thousands of customers…
Read MoreCitizens covers 1.7 million home insurance policies in Florida
