Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As Florida officials came to realize they had a serious overexposure problem with Citizens, the state’s insurer of last resort, the legislature took steps in 2007 to depopulate Citizens: The law written then, still on the books, permits admitted depopulation companies to take approved batches of policies.

And this approach worked…for a while. For several years after removing the policy from Citizens, a take-out company was required to keep rates at or about the same as the homeowner was receiving at Citizens.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?




Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.