Citizens Property Insurance Corporation, Florida’s largest insurer, has drastically reduced its policy count and is planning to cut over a third of its policies by the end of this year.
In a press release on December 4, the insurer said that its policy count had dipped below 1 million for the first time in more than two years, and is now at 987,650.
Since January, the insurer has offloaded more than 428,000 policies to private insurance companies under its
Florida’s Largest Insurer Cuts Over a Third of Policies
