Daily Archives: March 12, 2024

Achieving Profitability and Growth with Citizens Takeout

As of 2024, Citizens had over 1 million residential properties eligible for takeout.Given this large portfolio, there are certainly attractive policies within Citizens for insurers to assume. However, the challenge is finding the right policyholders within this book of last resort. Achieving Profitability and Growth with Citizens Takeout An emerging opportunity is unfolding in Florida…

Predict and Prevent Non-Weather Water Losses with Pinpoint

“Non-weather water claims cost insurers $8.2 billion annually in personal lines alone, or 20% of all property insurance losses in the U.S. The average non-weather water claims cost $6,695 in personal lines but can vary from $1,560 to more than $75,000 depending on the expensiveness – and expansiveness – of the damage.” Non-weather water loss…