The Florida Office of Insurance Regulation has approved the removal of up to 127,266 personal residential policies and 3,268 commercial residential/nonresidential polices from Citizens Property Insurance Corp. by the following five companies:

Anchor Property & Casualty Insurance Co. Received approval to remove up to 20,000 personal residential policies (16,030 Personal Lines Accounts and 3,970 Coastal Accounts).
Heritage Property & Casualty Insurance Co. Received approval to remove up to 55,000 personal residential policies (35,000 Personal Lines Accounts and 20,000 Coastal Accounts) and up to 1,500 commercial residential policies (1,300 Commercial Lines Accounts and 200 Coastal Accounts).
Safepoint Insurance Co. Received approval to remove up to 20,000 personal residential policies (12,000 Personal Lines Accounts and 8,000 Coastal Accounts).
Southern Oak Insurance Co. Received approval to remove up to 15,000 personal residential policies (10,000 Personal Lines Accounts and 5,000 Coastal Accounts).
Weston Insurance Co. Received approval to remove up to 17,266 personal residential policies (all Coastal Accounts), up to 719 commercial residential policies (Commercial Lines Accounts) and up to 1,049 commercial nonresidential policies (Commercial Lines Accounts).

Citizen's Personal Lines and Commercial Lines Accounts are mostly noncoastal properties and the Coastal Account is coastal properties.

Special Reports /

Florida OIR approves removal of up to 130,534 policies from Citizens for first take-out of 2016