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flag Florida moved 355,000 insurance policies to private companies in 2025, cutting its portfolio by 42% to reduce taxpayer risk.

flag Florida’s Citizens Property Insurance Corp. has transferred about 355,000 policies to private insurers in 2025, reducing its portfolio by 42% from January, as part of a strategy to lower financial risk for taxpayers. flag The shift, driven by state-backed depopulation efforts and improved market conditions, has led to increased competition, with 17 new insurers entering the market and premiums stabilizing or dropping significantly for many homeowners. flag While some policyholders, especially fixed-income residents, face higher costs, experts say the market is recovering due to lawsuit reforms, fraud crackdowns, and greater private sector participation, encouraging consumers to shop for better rates.

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