TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has approved the removal of up to 91,499 multi-peril personal residential policies and 5,732 commercial lines polices from Citizens Property Insurance Corporation (Citizens) to the following four companies:
· Heritage Property & Casualty Insurance Company has been approved to remove 17,000 policies from Citizens’ Personal Lines Account, 3,000 from Citizens’ Coastal Account, and 2,400 from Citizens’ Commercial Lines Account;
· SafePoint Insurance Company has been approved to remove 30,000 policies from the Personal Lines Account and 5,000 from the Coastal Account;
· Tower Hill Preferred Insurance Company has been approved to remove 17,797 policies from the Personal Lines Account and 4,449 from the Coastal Account;
· And, Weston Insurance Company has been approved to remove 14,253 wind-only policies from the Personal Lines Account and 3,332 from the Commercial Account.
Citizens’ Personal Lines Account contains…
Entire Press release: .pdf | Florida Office of Insurance Regulation