Monday, September 11, 2023 / by Richard Eimers
TALLAHASSEE, Fla. – As efforts continued to sort out damage from Hurricane Idalia, regulators on Sept. 1, 2023, approved proposals by seven private insurers to pull as many as 202,000 policies from the state’s Citizens Property Insurance Corp.
Insurance Commissioner Michael Yaworksy signed orders approving the proposals by Homeowners Choice Property & Casualty Insurance Co., Slide Insurance Co., Florida Peninsula Insurance Co., Monarch National Insurance Co., Safepoint Insurance Co., Loggerhead Reciprocal Interinsurance Exchange and Edison Insurance Co.
The proposals were filed in late July, and the companies will be able to start assuming policies from Citizens about Nov. 21.
The approvals came as state leader ...