Okaloosa Island, Florida: Beach scene in Florida, in a first-floor apartment on Coquina Island, facing the Gulf of Mexico, filled with sand deposited by Hurricane Ivan in 2004.

Florida’s latest insurer has surpassed 1 million policies for the first time since 2013. And, with the state of the private insurance market still in turmoil, there’s no sign of that upward trend it’s slowing down.

Citizens Property Insurance Corp. reached the milestone earlier this month, and as of August 12, it stands at 1,005,000 policies. The state-supported governmental entity was created two decades ago by Florida Legislature to provide coverage for property owners who cannot find insurance in the private market.

“When the market is healthy, Citizens becomes smaller as private companies take advantage of good market conditions,” said Citizens spokesman Michael Peltier. “When the market is in challenging times, we grow.”

Florida Property Insurance:Florida property insurance market gets ‘unprecedented’ boost that could help thousands of people

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