Citizens Property Insurance in ‘good financial shape’ post-Hurricane Ian

Many feared that one big storm could cost every homeowner in Florida if the state-backed insurer of last resort, Citizens Property Insurance Corp., couldn’t afford to pay out claims from its more than a million policies.The insurer reached 1.1 million policies, more than double its average amount, right before Hurricane Ian hit Florida, which made its way from the Gulf coast across the state to the East coast with devastating winds and rainfall.“This is our third hurricane. Charlie, and then we’ve had Irma — a lot of damage in Irma, but this is something we’ve never seen before,” Fort Myers

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