St. Petersburg insurer could take on 32,000 Citizens policies in the fall

Mangrove insurance has been told by the Florida Office of Insurance Regulation that it could assume up to 81,000 policies this year.

  • By Louis Llovio
  • | 4:20 p.m. July 17, 2025
  • | 0 Free Articles Remaining!
Florida has higher insurance rates than most states partially because of wind-related storms, like Hurricane Ian that hit the Fort Myers area in September 2022.
Florida has higher insurance rates than most states partially because of wind-related storms, like Hurricane Ian that hit the Fort Myers area in September 2022.
Photo by Stefania Pifferi
  • Tampa Bay-Lakeland
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Mangrove Property Insurance Co. could assume up to an additional 32,000 Citizens Property Insurance Corp. policies in the final quarter of this year, adding to the 50,000 it has already taken on.

The assumption of the latest batch of policies would happen in October, November and December.

The St. Petersburg company made the announcement Thursday, saying it was approved to assume about 81,000 Citizens policies this year.

 

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