Citizens offloads 50,000 more policies

Florida regulators have approved the take-out of 50,000 Citizens
personal residential and coastal account policies by local insurers
Safepoint and Southern Oak.
During the 17 October take-out period, Tampa-based Safepoint
will remove up to 35,000 policies, of which 20,000 are personal
residential, 10,000 are multiperil coastal accounts and 5,000
provide wind-only coastal cover, state Office of Insurance
Regulation documents show.
Southern Oak, based in Jacksonville, has been approved to
transfer