Over 200,000 policies removed from Citizens

The Florida Office of Insurance Regulation has approved the removal of over 200,000 policies from Citizens Property Insurance.

This brings the total number of policies approved for take-outs this year to 1,109,644. The actual number of policies removed from Citizens this year as of August 30, 2014 is 124,995.

As part of the state’s ongoing effort to reduce the number of policies in state-backed Citizens and transfer them into the private insurance market, the regulator has approved the removal of up to 211,080 personal residential policies and 4,408 commercial residential and non-residential polices to nine companies.