Florida law allows Citizens Property Insurance condo and commercial policies to move to surplus lines carriers

The Business Journals· June 20, 2026

New Florida legislation enables the transition of condominium and commercial insurance policies from Citizens Property Insurance Corp. to surplus lines carriers. This policy shift is intended to decrease the total exposure of the state-backed insurer of last resort by shifting risks toward the private surplus market. For the property insurance industry, this represents a strategic effort to depopulate Citizens and foster a more robust private market for complex commercial risks.

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