Story perspectives

Private Insurers Surge as Citizens Insurance Policies Plummet

11/19/2025

Summary

Story summary

Private insurers have taken nearly 1.6 million policies from Citizens Property Insurance Corporation.
Citizens Property Insurance Corporation's policy load has fallen to 516,000.
Commissioner Michael Yaworsky of the Florida Office of Insurance Regulation said rates rose 0.8% over the past year, the nation's lowest.
Legislative reforms reduced litigation by 30%, enabling private insurers to thrive despite rising repair costs.
Forty insurers filed rate reductions for 2025 in Florida's auto insurance market.

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Story summary

Private insurers have taken nearly 1.6 million policies from Citizens Property Insurance Corporation.
Citizens Property Insurance Corporation's policy load has fallen to 516,000.
Commissioner Michael Yaworsky of the Florida Office of Insurance Regulation said rates rose 0.8% over the past year, the nation's lowest.
Legislative reforms reduced litigation by 30%, enabling private insurers to thrive despite rising repair costs.
Forty insurers filed rate reductions for 2025 in Florida's auto insurance market.