The number of properties Citizens insures has almost tripled to 1.2 million since mid-2020, as private insurance companies, including Farmers Insurance Group, curbed business in the state. Credit: Courtesy photo The number of properties Citizens insures has almost tripled to 1.2 million since mid-2020, as private insurance companies, including Farmers Insurance Group, curbed business in the state. Credit: Courtesy photo

(Bloomberg) — Democratic Senator Sheldon Whitehouse of Rhode Island asked Florida's biggest property insurer for documents on how it plans to address losses from climate-related weather events.

The Senate Budget Committee, which Whitehouse chairs, is requesting information related to maximum claims Citizens Property Insurance Corp., an insurer of last resort, can pay without having to levy assessments on Florida policyholders.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Investigative & Forensics