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CFO Patronis: Citizens Cancelling Homeowners Insurance Policies During Hurricane Season Should Not be an Option

7/24/2020

For Immediate Release: Friday, July 24, 2020
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842

CFO Patronis: Citizens Cancelling Homeowners Insurance Policies During Hurricane Season Should Not be an Option
 
CFO Jimmy Patronis said, “Hurricane season is just beginning to heat up and we are in the middle of an unprecedented health and economic crisis. This is not the time to cancel Citizens’ home insurance policies. Citizens is the state created insurer of last resort. 
 
“As such, we have a responsibility to work with every policyholder who is unable to pay their premiums due to the COVID-19 pandemic and develop plans to get them back on their feet quickly. What they owe must still be paid, but cancelling their policies during hurricane season should not be an option. 
 
“It is my hope and expectation that the leadership of Citizens Property Insurance Corporation will move quickly and reverse their August 15th cancellation decision.” 
 
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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).