downsizing News

Citizens’ Sheds Almost 150,000 Policies in October

Officials at the Citizens Property Insurance Corp. say nearly 150,000 of its policyholders have been assumed by five smaller insurers in October as the state-backed Citizens’ continues to shed policies in its downsizing efforts. Another 25,000 Citizens’ policy holders rejected …

Florida Governor Wants Answers on Citizens’ Downsizing

Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the Citizens’ board by a Cabinet …