Brind.
  1. Ron DeSantis signed a bill into law, successfully pushing policies out of the agency Citizens after both legislative bodies passed it.

Citizens Property Insurance Sheds Policies to Private Carriers

1 report, 1 independent Updated Sep 23
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Citizens Property Insurance Corp. is shedding policies to private carriers, continuing a trend of policy exodus from the state-run agency. As of September 18, the company held almost 255,000 policies with a total insured value of $70 billion. Citizens currently accounts for 1.8% of the market.

From orlandosentinel.com

Why it matters

Some supportBrind's analysis of the reports

The policy shedding is attributed to legislative changes that allow the agency to transfer policies to private carriers. Citizens Property Insurance President Timothy Cerio stated that the market is working due to these changes, while Board Chairman Carlos Beruff expressed concern that the agency should not exist.

Ron DeSantis signed a bill into law, successfully pushing policies out of the agency Citizens after both legislative bodies passed it.

From orlandosentinel.com

Who's involved

  • Carlos BeruffServes on the board of governors of Citizens Property Insurance Corp.

Keep exploring

Part of

Ron DeSantis signed a bill into law, successfully pushing policies out of the agency Citizens after both legislative bodies passed it. All 2 developments

The entities involved

  • Carlos Beruff

    Real Estate Developer & Republican Politician

    Nothing else this week.

Coverage

Newest first; wire copies grouped