Florida's Citizens Property Insurance Corp. sheds nearly 200,000 policies as private insurers expand, marking lowest policy levels since 2021. Depopulation program and regulatory reforms drive market shift amid hurricane risk.

Florida's Citizens Property Insurance mandates flood insurance for most policyholders by 2027, affecting over half a million homeowners and shifting market dynamics.

State Farm remains a stable choice for Florida homeowners amid hurricane risks, litigation challenges, and recent premium reductions by Citizens Property Insurance.

Florida regulators approve transfer of nearly 229,000 homeowner policies from Citizens Property Insurance to private insurers amid ongoing market depopulation efforts.