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The Latest Breaking News from Citizens Property Insurance

Citizens Property Insurance Sees Sharp Drop in Policies — What It Means for Homeowners in 2026

If you’ve lived in Florida long enough, you know Citizens Property Insurance is like that friend you only call when things get really messy. It’s the state‑run insurer of last resort—the safety net for homeowners who can’t find coverage anywhere else. But in 2026, something unusual is happening: Citizens is…

The Free Financial Advisor · Feb 6

Florida Homeowners See First Rate Decrease in 10 Years — Citizens Property Insurance Dropping Premiums 2.6%

If you’ve owned a home in Florida for more than a minute, you’ve probably felt like property insurance was a sneaky, ever-climbing cost that showed up on your bills just when you thought you could breathe. For years, homeowners across the Sunshine State watched premiums rise — sometimes dramatically —…

The Free Financial Advisor · Feb 2

Trouble awaits Florida’s housing market as the state just lost another home insurer

"Just in the last 18 months, 15 companies have stopped writing [insurance] business in Florida"

Fortune · Jul 22, 2023

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Central Florida homes on state-run Citizens Insurance shoot up by 159%

Jeremy Seghers didn’t have much of a choice about moving his home insurance to the state-run insurer of last resort, Citizens Property Insurance. His broker explained it was the only policy he could get after his previous company, Southern Fidelity Insurance, was liquidated by the state last year.

Orlando Sentinel · Mar 10, 2023

The big reason Florida insurance companies are failing isn't just hurricane risk – it’s fraud and lawsuits

Hurricane Ian’s widespread damage is another disaster for Florida’s already shaky insurance industry. Even though home insurance rates in Florida are nearly triple the national average, insurers have been losing money. Six have failed since January 2022. Now, insured losses from Ian are estimated to exceed US$40 billion

The Conversation · Oct 5, 2022

Ian threatens Florida's already unstable insurance market

Florida’s property insurance market was already in peril

The Independent UK · Sep 28, 2022

Florida lawmakers want to fix property insurance. Here are the big issues.

TALLAHASSEE, Florida — Legislators, in coordination with Gov. Ron DeSantis, are proposing a number of fixes during their special session this week on Florida’s spiraling property insurance market.

Tribune News Service · May 23, 2022

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