One Million Policies And Counting For Citizens Property Insurance

One million policies and counting for Citizens Property Insurance.

It's the first time in nearly a decade that the state's insurer of last resort has held that many policies and it comes as more companies receive rating downgrades, leaving homeowners scrambling.

Florida Chief Financial Officer Jimmy Patronis says turning the market around is going to take some time.

Patronis says the state has worked quickly to help Floridians maintain coverage without hiccups.

Last month, Citizens President Barry Gilway said the company is prepared for whatever may happen.

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