Citizens reveals Milton loss now up to $740mn, expects policy count to drop to 771,000 at YE ’25

By Michael Loney

Published: Fri 17 Jan 2025

Citizens Property Insurance Corporation has now paid out $823mn from the three hurricanes that hit Florida last year, while the insurer of last resort's CEO has hailed the continuing impact of 2023’s reforms and estimated its policy count will drop further to around 770,000 by the end of this year.