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Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
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Amid a statewide home-insurance crisis that has seen private insurance companies fail, cancel or stop writing policies, the number of homeowners covered by Citizens has ballooned, reaching 938,437 ...
Risk: A report from Citizens shows that if a 1-in-50-year storm were to occur this hurricane season, Citizens could face a $1.5 billion budget shortfall. What to know about the new private companies
Citizens Insurance, or Citizens, is the popular name for government established, not-for-profit insurers in Florida and Louisiana. In Florida, the insurer is Citizens Property Insurance Corporation. In Louisiana, the insurer is the Louisiana Citizens Property Insurance Corporation. Both were established in their respective states as insurers of ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Here’s the list: Edison Insurance for 10,000 policies. TypTap Insurance for 25,000 policies. Florida Peninsula for 15,000 policies. SafePoint Insurance for 16,000 policies. Slide Insurance for ...
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