Tag Archives: Citizens Property Insurance Company

Citizens Property Insurance Corporation Still Vulnerable to Underfunding

By Chad Thomas Florida’s Citizens Property Insurance Corporation (Citizens) is a state-run insurer of last resort for commercial and residential property owners unable to afford a policy in the private market. Citizens tends to insure wealthy homeowners along the coast, … Continue reading

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Citizens Property Insurance Corporation is Regressive and Risky

By Matt Kelly Citizens Property Insurance Corporation was formed by the Florida Legislature in 2002 for the purpose of serving Florida’s residual property insurance market. Its creation was justified by the argument that middle-income residents have a tough time purchasing … Continue reading

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Florida’s Dysfunctional Property Insurance System

By Matt Kelly Many readers will remember the hurricane season of 2004 as a chaotic time to be a Florida resident. The Sunshine State received four torrential storms that year, causing $45 billion in losses. School was cancelled, streets were … Continue reading

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