Florida just drew a harder line on Citizens
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Florida just drew a harder line on Citizens
Gov. DeSantis signed SB 1028 on June 16, effective immediately, barring Citizens from writing new commercial residential or commercial nonresidential coverage where private coverage is available. The pack says nonresidential risks turn ineligible on any authorized-insurer offer, and Citizens must stand up admitted and surplus lines commercial clearinghouses by Jan 1 2027. That is a very Florida sentence to read while your insurance agent is still on hold.
Gobble's Take: When the state last-resort option gets narrower, the shopping list gets uglier fast.
Source: Weekly Moves: June 18 - P&C Insurance Executive Intelligence
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