Of the three,881 lawsuits it was served, Citizens famous that 3,832 lawsuits concerned residential properties. And of these 3,832 lawsuits, 2,880 had been from the Miami-Dade, Broward, and Palm Beach counties.
As reported by CBS News Miami, Citizens additionally indicated that it has 18,455 pending lawsuits as of April 30, 2022.
“Citizens continues to expertise an growing development in new, incoming lawsuits primarily attributable to the growing variety of insurance policies in drive,” the insurer’s report mentioned.
Citizens beforehand disclosed that it added over 25,000 insurance policies in March. Policyholders have been transferring to the insurer of final resort over the previous two years as their unique carriers both raised their charges to unfeasible ranges, refused to resume protection, withdrew from the Florida market, or filed for insolvency.
