Citizens Insurance no longer Florida’s largest property insurer | Why that may not be a bad thing

Florida’s once-struggling property insurance market has hit a new milestone: Citizens Property Insurance Corporation is no longer the state’s largest insurer for the first time since before the COVID-19 pandemic. The state-backed insurer said this week it has shed more than 900,000 policies after peaking at 1.4 million just two years ago. The shift marks what industry experts are calling a turning point for Florida’s long-troubled property insurance landscape.