Insurers to absorb Citizens policies
September 6, 2023 - Regulators have approved proposals by seven private companies to assume up to 202,000 policies from the state’s Citizens Property Insurance Corp., the last resort insurer for homeowners. Insurance Commissioner Michael Yaworksy signed orders approving the proposals by Homeowners Choice Property & Casualty Insurance Co., Slide Insurance Co., Florida Peninsula Insurance Co., Monarch National Insurance Co., Safepoint Insurance Co., Loggerhead Reciprocal Interinsurance Exchange and Edison Insurance Co. The insurers will be able to start pulling the policies from Citizens on or around Nov. 21, according to reports.