Thousands of Citizens insurance customers to get takeout offer from newly created home insurer – South Florida Sun Sentinel

The depopulation method, designed a calendar year just after Citizens was shaped in 2002, helped minimize Citizens’ policy rely from 1.5 million in 2012 to 428,000 in 2018. But that was when private-current market carriers were being capable to present competitive prices alongside with far more coverage. In 2020, just 5,892 Citizens shoppers have been taken out as a result of the method, and four out of 5 takeout targets ordinarily reject private carriers’ delivers, Citizens officers mentioned.

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