Citizens is back in shape

Florida’s state-backed property insurer, Citizens, is about half the size it was a few years ago; thanks in part to Bolt’s platform. Recall: back in 2013, Citizens signed a $45 million contract with NYC-based insurance software provider Bolt to create and maintain a new clearinghouse, intended to help depopulate, aka return, Citizens policies to the private market and reduce the risk of assessments for all Floridians. Mission accomplished.