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Fla. Office of Insurance Regulation approves removal of 19,535 policies from Citizens Property

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Fla. Office of Insurance Regulation approves removal of 19,535 policies from Citizens Property

The Florida Office of Insurance Regulation has approved the removalof up to 19,535 personal residential policies from Citizens Property Insurance Corp. for the June 21 take-outperiod, the office said April 1.

National SpecialtyInsurance Co. was approved to remove up to the full number of policiesin the coastal account.

The removal brings the total number of potential personal andcommercial residential policies approved for take-outs in 2016 to 444,684, withthe actual number of policies removed from Citizens at 33,434 as of March 22.

National Specialty Insurance is a subsidiary of