St. Pete insurance firm takes on 20,000 Citizen policies

  • By Louis Llovio
  • | 1:55 p.m. June 26, 2025
  • | 0 Free Articles Remaining!
Hurricane Ian hit Fort Myers Beach in 2022 and caused major damage to homes in the area.
Hurricane Ian hit Fort Myers Beach in 2022 and caused major damage to homes in the area.
Photo by Steffania Pifferi
  • Tampa Bay-Lakeland
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Mangrove Property Insurance Co. has assumed about 20,000 Citizens Property Insurance Corp. policies, bringing its total haul from the state-run company to about 50,000 this year.

The assumption of the latest batch of policies was effective June 17.

The St. Petersburg company made the announcement Thursday and reiterated a previous statement that it would cap the number of policies it took in from Citizens to no more than 81,040 this year.

 

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