PAGE- 23- CITIZEN INSURANCE

Citizens Insurance, or Citizens, is the popular name of the Citizens Property Insurance Corporation, a government created not-for-profit insurer in the State of Florida. Citizens was created in 2002 to provide property insurance for home-owners who could not obtain insurance elsewhere. This is not the same company as Citizens Insurance Company of America, an unrelated property and casualty insurance carrier in the Midwest that has existed since 1915, or the Louisiana Citizens Property Insurance that was created for similar purposes.

As more and more companies have pulled out of the Florida market due to the extraordinary number of hurricane and sinkhole related claims over the last few years, Citizens has become not the insurer of last resort but the insurer of only resort for many Floridians. The cost of insurance and its availability has thus become an important "hot button" issue in Florida, especially in the 2006 elections.

From their web site: In 2002, the Florida Legislature passed a law that combined the Florida Residential Property and Casualty Joint Underwriting Association (FRPCJUA) and the Florida Windstorm Underwriting Association (FWUA). This resulted in the creation of Citizens Property insurance Corporation (Citizens), whose goal is to more efficiently and effectively provide insurance to, and serve the needs of, home-owners in high-risk areas and others who cannot find coverage in the open, private insurance market.

VISITS---https://www.citizensfla.com/