TALLAHASSEE — The condition-backed Citizens House Insurance policies Corp.’s variety of insurance policies has ongoing to climb after achieving 1 million early this thirty day period.
Citizens had 1,013,147 insurance policies as of the close of past 7 days, up from 1,000,624 on Aug. 5, in accordance to the insurer’s internet site.
Citizens, which was established as an insurance company of very last resort, has been flooded with guidelines during the previous two yrs as non-public insurers have lose clients and elevated rates because of fiscal complications.
Also, 5 personal insurers have been declared insolvent since February, which has led to householders turning to Citizens for protection.
As illustrations of the expansion, Citizens experienced 499,056 policies on Aug. 31, 2020, and 687,079 procedures on Aug. 31, 2021, according to knowledge posted on its web-site.
