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Fla. regulator approves removal of 15,000 policies from Citizens

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Fla. regulator approves removal of 15,000 policies from Citizens

The Florida Office of Insurance Regulation has signed off onthe removal of up to 15,000 personal residential policies from for theJuly 19 take-out period.

The regulator approved SouthernOak Insurance Co. to remove up to 10,000 policies in the personal linesaccount and 5,000 policies in the coastal account.

The total number of potential personal and commercial residentialpolicies approved for take-outs in 2016 is now 459,684 after the latest removal.The actual number of policies removed from Citizens is 33,434 as of March 22.