Property insurance experts say Florida homeowners have reason to be hopeful about future insurance costs.
Citizens Property Insurance is seeing a decrease in policy count. Why experts say this is a ‘huge step toward stability’
New data from Citizens Property Insurance, the state-backed insurer, shows a decrease in policy counts, reducing the company’s risk during natural disasters.Citizens’ successful depopulation program. Carlucci, with nearly 20 years of industry experience, said he sees Citizens’ efforts to downsize as a positive step, creating less risk for the company and more stability statewide.
“This is a huge step toward stability,” Friedlander said. “Across the country, we don’t see many states with average rate filings as low as Florida’s.”
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