The number of customers of the state’s Citizens Property Insurance Corp. increased slightly last week but has remained stable over the past three weeks.
Data posted on the Citizens website showed it had 936,943 policies as of Friday, up from 935,576 policies a week earlier and 936,203 two weeks earlier.
Citizens was created as an insurer of last resort but grew to become the state’s largest insurer in recent years because of financial problems among private carriers.
After reaching as many as 1.412 million policies in 2023, Citizens has used what is known as a “depopulation” program to shift policies to private insurers.
It dipped below 1 million policies in November. State leaders want to minimize the number of policies in Citizens, at least in part because of financial risks if the state gets hit by a major hurricane or multiple hurricanes.
Citizens President and CEO Tim Cerio is expected to give a presentation Tuesday to the Senate Banking and Insurance Committee.