Florida's largest property insurer is showing little signs of getting smaller anytime soon.
Whether it is due to the ongoing stalemate over State Farm Florida or a recognition that only the riskiest policyholders remain enrolled, it looks like Citizens Property Insurance Corp. will keep at least one million policyholders for some time.
Just one year ago, Citizens shed nearly 400,000 policies as so-called "take-out" private companies took on those customers. But that has come to a screeching halt in 2009. Overall, only about 90,000 policies have been absorbed by private companies so far this year.
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