Citizens to Offer Property Coverage to Commercial Properties
In a move that provides business owners in search of property insurance with a new option, Citizens Property Insurance has been approved to by Florida state insurance regulators to offer property insurance to commercial properties.
Said Florida Insurance Commissioner Kevin McCarty, "Everyone is familiar with Citizens, but this is an important step, because it is the company's first coverage offering away from what had been its main niche of offering homeowners insurance statewide and commercial wind-only insurance only in the high-risk areas of the state.”
Citizens will be able to begin offering the coverage to business owners no later than January 1, 2008, said Florida regulators.
Published on November 7, 2007
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