The are now more Citizens policies in Florida than there are residents in New Hampshire and nine other states

Citizens has seen massive growth during the past three years as private insurers have shed policies and raised rates because of financial problems.

by Colin Wolf September 19, 2023June 27, 2024

News & Views

Citizens, Florida’s property insurance of last resort, wants double-digit rate hikes by end of this year

The likely increases come amid massive growth at Citizens, which was created as an insurer of last resort but had ballooned to 1.387 million policies as of last week.

by Jim Saunders and News Service of Florida September 15, 2023July 22, 2025

News & Views

Citizens, Florida’s home insurance of last resort, ordered to trim proposed rate hikes

Citizens this year asked the Office of Insurance Regulation for approval of an overall 13.3 percent rate increase.

by Jim Saunders and News Service of Florida August 21, 2023February 2, 2025

News & Views

Florida’s property insurance of last resort, Citizens, seeks rate hike

Rate increases would vary by types of policy, but Citizens said in March that the hikes would average 14.2 percent this year.

by News Service of Florida May 31, 2023August 3, 2023

News & Views

Citizens, Florida’s property insurance of last resort, now has over 1.3 million policies

The stack-backed insurance has more than doubled the amount of policies of the last two years.

by News Service of Florida May 31, 2023September 8, 2023

News & Views

Florida senator wants more ‘accountability’ for insurers

The measure would make wide-ranging changes, including increasing fines that regulators can slap on insurers.

by Jim Saunders and News Service of Florida April 5, 2023September 17, 2023

News & Views

Florida property insurance company insolvent after Hurricane Ian losses

The state placed six insurers into receivership in 2022 because of insolvencies.

by Jim Saunders and News Service of Florida February 20, 2023October 7, 2024

News & Views

Citizens, Florida’s property insurance of last resort, grew by 50 percent in 2022

Citizens had 1,145,178 policies as of Dec. 30, up from 759,305 at the end of 2021.

by Jim Saunders and News Service of Florida January 4, 2023August 20, 2023

News & Views

Florida’s new property insurance changes should help, but not right away, says report

“The five largest national homeowners insurers account for over 50% of the U.S. market outside of Florida, but just 15% of the market in Florida…”

by Jim Saunders and News Service of Florida December 22, 2022August 3, 2023

News & Views

Citizens, Florida’s property insurance of last resort, tops 1.14 million policies

The data showed Citizens with 1,140,306 policies, up from 1,126,319 on Nov. 30.

by News Service of Florida December 21, 2022August 3, 2023

News & Views

Florida’s insurance commissioner resigns amid state’s property insurance crisis

Altmaier, who made the resignation effective Dec. 28, has been Florida’s top insurance regulator since 2016.

by Jim Turner, Jim Saunders and News Service of Florida December 16, 2022April 12, 2025

News & Views

Florida lawmakers pass legislation to overhaul state’s struggling property insurance system

“We are giving a gift to the insurance companies, and we are punishing the homeowners.”

by Jim Saunders and News Service of Florida December 14, 2022August 19, 2023

News & Views

‘This bill gives Goliath a better helmet’: Sides battle over Florida property insurance changes

Lawmakers held a special session in May to grapple with property insurance, but problems have persisted.

by Jim Saunders and News Service of Florida December 13, 2022August 3, 2023

News & Views

Florida Legislature eyes lowering property-insurance lawsuit costs in special session

“Litigation isn’t the problem —– it’s the scapegoat.”

by Jim Turner and News Service of Florida December 7, 2022August 3, 2023

News & Views

Higher prices and tighter restrictions will only add to Florida’s property insurance crisis in 2023, says report

Reinsurance costs and availability were a problem in the Florida market before Ian.

by Jim Saunders and News Service of Florida November 23, 2022December 4, 2023

News & Views

Citizens, Florida’s property insurance of last resort, now estimates Hurricane Ian damages to be nearly $4 billion

Citizens last month projected its expenses at $2.3 billion to $2.6 billion from the Category 4 hurricane.

by Jim Saunders and News Service of Florida November 15, 2022August 3, 2023

News & Views

Rick Scott says Florida property insurance rates ‘skyrocketed’ in Ron DeSantis’ era

“People are going bare now because they can’t afford it.”

by A.G. Gancarski and Florida Politics October 17, 2022November 8, 2024

News & Views

St. Petersburg-based property insurance company announces exit from Florida market

United Insurance Holdings investor presentation in May cited about 185,000 Florida policies as of March 31.

by Jim Saunders and News Service of Florida August 25, 2022October 20, 2024

News & Views

Florida’s ‘last resort’ insurance firm sees flood of new customers

Four insurers have been declared insolvent since February.

by Jim Saunders and News Service of Florida July 13, 2022August 3, 2023

News & Views

Customers of Tampa-based Lighthouse Property Insurance urged to find new policies, amid company liquidation

Lighthouse had about 27,000 policies in Florida as of last month.

by News Service of Florida May 6, 2022March 14, 2025

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Florida Property Insurance Crisis

The are now more Citizens policies in Florida than there are residents in New Hampshire and nine other states

Citizens, Florida’s property insurance of last resort, wants double-digit rate hikes by end of this year

Citizens, Florida’s home insurance of last resort, ordered to trim proposed rate hikes

Florida’s property insurance of last resort, Citizens, seeks rate hike

Citizens, Florida’s property insurance of last resort, now has over 1.3 million policies

Florida senator wants more ‘accountability’ for insurers

Florida property insurance company insolvent after Hurricane Ian losses

Citizens, Florida’s property insurance of last resort, grew by 50 percent in 2022

Florida’s new property insurance changes should help, but not right away, says report

Citizens, Florida’s property insurance of last resort, tops 1.14 million policies

Florida’s insurance commissioner resigns amid state’s property insurance crisis

Florida lawmakers pass legislation to overhaul state’s struggling property insurance system

‘This bill gives Goliath a better helmet’: Sides battle over Florida property insurance changes

Florida Legislature eyes lowering property-insurance lawsuit costs in special session

Higher prices and tighter restrictions will only add to Florida’s property insurance crisis in 2023, says report

Citizens, Florida’s property insurance of last resort, now estimates Hurricane Ian damages to be nearly $4 billion

Rick Scott says Florida property insurance rates ‘skyrocketed’ in Ron DeSantis’ era

St. Petersburg-based property insurance company announces exit from Florida market

Florida’s ‘last resort’ insurance firm sees flood of new customers

Customers of Tampa-based Lighthouse Property Insurance urged to find new policies, amid company liquidation