Citizens CEO Cerio optimistic on depopulation efforts, market recovery
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Citizens CEO Cerio optimistic on depopulation efforts, market recovery

Citizens logo Tallahassee Florida.jpg

Citizens CEO Tim Cerio told Florida lawmakers that the state-owned entity’s effort to move its policyholders to private insurers is seeing better results than initially expected, with Citizens revising its policy count estimate downward to 1.3 million by year’s end. 

Earlier forecasts had estimated ending 2023 with between 1.5 million and 1.7 million policies.

In a presentation yesterday to the Florida Senate Committee on Banking and Insurance, Cerio said the rates Citizens currently charges are “actuarily unsound” and are approximately...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article