The market share of Citizens Property Insurance Corporation, Louisiana's insurer of last resort, is estimated to shrink to under 3% for the first time in six years following a seventh round of depopulation in 2014.
According to the Louisiana Department of Insurance, the company's share will drop to 2.7%, reducing it to ninth place in the market by year's end.
Overall commercial and personal policies will number below 95,000, including 90,000 residential policies.
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