What Citizens Property Insurance Corporation does: It provides property and casualty insurance in Florida as a not-for-profit insurer-of-last-resort for residents and businesses that private insurers deny. How its product works: It offers affordable coverage, especially for windstorm and catastrophic events, to high-risk properties, funded by premiums and state support, with policies designed to supplement the private market and pay claims even after major disasters. How it differs from competitors: It is state-backed and government-created, not-for-profit, operating as a safety net to the private market, focusing on coverage for those denied elsewhere rather than profit. What its goal is: to ensure access to essential property insurance in high-risk areas and maintain financial stability to pay claims in disasters.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Tallahassee, Florida
Founded
2002
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