Last year's hurricane season may have been relatively calm, but that didn't stop Florida's one-time "property insurer of last resort" from building up a whirlwind of growth.

At the end of October 2007, Citizens Property Insurance Corp. had more than 1.4 million policies, with the bulk of them in high-risk, wind-only accounts. At the time, Citizens officials estimated the insurer would have nearly 1.8 million policies by the end of 2008.

Those projections were wrong.

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