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Florida’s state-backed Citizens Insurance adds another 4,000 policies

Florida is nearing the halfway point of the 2024 hurricane season

Florida is nearing the halfway point of the 2024 hurricane season

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State-backed Citizens Insurance tops 1.2 million policies ahead of Florida hurricane season

With hurricane season starting June 1, Citizens officials have said they do not expect private carriers to take out policies over the next few months

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Citizens had more than 1.176 million policies as of Friday, up from 1.172 million a week earlier

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Citizens, which was created as an insurer of last resort, has become the state’s largest property insurer

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The committee raises questions about climate risks and whether the federal government could be asked to bail out Citizens if a major hurricane hits

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The orders do not mean that the seven insurers will take the full numbers of approved policies from Citizens