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New Florida Citizens Assessment Bill Could Attract New Capital

New Florida legislation, if signed into law by Gov. Rick Scott, would provide relief to the state's private market insurers and potentially attract new private capital to the Sunshine State.

By Fred Karlinsky, Katherine Scott Webb and Richard J. Fidei | Updated on April 09, 2012

New Florida legislation, if signed into law by Gov. Rick Scott, would provide relief to the state’s private market insurers and potentially attract new private capital to the Sunshine State.

Citizens Property Insurance Corporation, Florida’s residual market insurer, has grown to become the state’s largest homeowners’ insurer with about 1.5 million policies covering approximately $510 billion in total insured value.

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