The state’s Citizens Property Insurance Corp. added more than 4,600 policies last week as it nears a total of 1.4 million policies.
Citizens had 1,391,777 policies as of Friday, up from 1,387,163 a week earlier and 1,379,289 two weeks earlier, according to data posted on its website.
Citizens, which was created as an insurer of last resort, has seen massive growth during the past three years as private insurers have shed policies and raised rates because of financial problems.
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For example, Citizens had 499,056 policies on Aug. 31, 2020; 687,079 policies on Aug. 31, 2021; and 1,026,829 policies on Aug. 31, 2022, according to its website.
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