State-Backed Property Insurer Continues Rapid Growth

State-backed insurer of last resort, Citizens, says it's holding one million fifty five thousand policies as of Friday and writing about 60-thousand policies a week.

While the company is experiencing rapid growth, Citizens President Barry Gilway says it's nothing new.

Southeast Florida is the company's largest market according to Gilway who says they have nearly 40-percent of the policies in Miami-Dade, 30-percent in Broward, 22-percent in Palm Beach and nearly all in Monroe.


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