TALLAHASSEE – The condition-backed Citizens Property Coverage Corp. had far more than 1.08 million policies as of Friday, as it added just about 10,000 procedures in a 7 days, in accordance to data posted on its site.
Citizens experienced 1,081,416 insurance policies, up from 1,071,850 a week previously.
Citizens, which was developed as an insurer of final vacation resort, have seen substantial development during the past two yrs as non-public insurers have dropped procedures, and in some cases absent bancrupt, amid fiscal losses.
As a comparison, it experienced 521,289 insurance policies as of Oct. 31, 2020.
Citizens also are grappling with promises from Hurricane Ian, which slammed into Southwest Florida on Sept. 28 and crossed the condition.
Citizens previous week approximated it would have $2.3 billion to $2.6 billion in losses from the storm.
