The Citizens Property Insurance Corporation Board of Governors has approved Florida-based Heritage Property and Casualty Insurance Co. to remove approximately 60,000 mulitperil properties from the state's insurer of last resort's personal lines and coastal accounts.
The Citizens board's vote for approval comes six days after the Office of Insurance Regulation approved the agreement.
Citizens says 40 percent of the policies come from Broward, Palm Beach and Miami-Dade counties, a region that has experienced higher than average losses.
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