A new property insurance provider, Mangrove Property Insurance Co., has been approved to begin writing home insurance policies in Florida, offering more choices for consumers.
Citizens Property Insurance Corp., the state-backed insurer of last resort, has seen its policy count fall, driven by a depopulation program and improvements in the private insurance market.
Mangrove Property Insurance Co. has been approved to begin writing home insurance policies in Florida, marking the latest company to enter the state’s market following recent insurance reforms.
