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Homeowners insurance organization makes progress in Florida

Homeowners insurance organization makes progress in Florida

Homeowners insurance organization makes progress in Florida
News from Live Insurance News:

Florida’s Citizens Property Insurance has been struggling beneath a shroud of controversy for the past year. The state-run insurer has been cutting policies in an effort to depopulate itself and reduce financial strain while also raising rates on insurance policies that it has maintained. This has generate a great deal of criticism that has been issued against the state-run organization as well as lawmakers, but it has also placed Citizens Property Insurance in the “best financial shape” it has ever been in, according to the organization’s CEO, Barry Gilway.

Insurer boasts of $ 7 billion in reserve capital

Citizens now boasts of more than $ 7 billion in reserve capital. Hurricane season is coming to a close and Florida has managed, yet again, to avoid falling victim to any significant storm. This has provided some financial breathing room for Citizens Property Insurance, but i…………… continues on Live Insurance News

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