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Citizens Property Insurance Corporation

United States

Founded in

Aug 2002 (23 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know Citizens Property Insurance Corporation

Company Information

Get to know Citizens Property Insurance Corporation

Established in 2002 by the Florida Legislature, Citizens Property Insurance Corporation serves as Florida's insurer of last resort. Its primary mission is to offer property and casualty insurance to Florida residents and businesses who cannot secure coverage from private insurers. As a government entity, it is not-for-profit and tax-exempt, operating under the oversight of the Florida Governor, CFO, President of the Senate, and Speaker of the House. The corporation plays a crucial role in Florida's volatile insurance market, particularly in areas prone to natural disasters like hurricanes, while also actively working on "depopulation" programs to move policies back into the private insurance sector whenever possible.

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