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Press Release

Office Approves Removal of up to 215,488 Policies from Citizens
Wednesday, October 1, 2014
Contact Info:

Harvey Bennett                       Amy Bogner
(850) 413-2515                      (850) 413-2515
Harvey.Bennett@floir.com        Amy.Bogner@floir.com​


TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has approved the removal of up to 211,080 personal residential policies and 4,408 commercial residential and non-residential polices from Citizens Property Insurance Corporation (Citizens) as requested by the following nine companies:


Citizen’s Personal Lines and Commercial Lines Accounts are mostly non-coastal properties and the Coastal Account are coastal properties. The take-out periods are December 16, 2014 for personal residential impacting both the PLA/CA policies and December 9, 2014 for commercial residential impacting both the CLA/CA policies. This is part of the state’s ongoing effort to reduce the number of policies in state-backed Citizens and transfer them to the private insurance market.


Today’s announcement brings the total number of policies approved for take-outs this year to 1,109,644.  The actual number of policies removed from Citizens this year as of August 30, 2014 is 124,995. By statute, policyholders may choose to remain covered by Citizens; however, they may be at risk of higher assessments.


For more information, please visit the Office’s “Take-Out Companies” webpage at: http://www.floir.com/Sections/PandC/TakeoutCompanies.aspx.​

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Contact Info:

Harvey Bennett                       Amy Bogner
(850) 413-2515                      (850) 413-2515
Harvey.Bennett@floir.com        Amy.Bogner@floir.com​

About the Florida Office of Insurance Regulation

The Florida Office of Insurance Regulation has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm and Facebook.​
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