For a number of years, Florida has had a program allowing insurers to take policies out of the state-backed Citizens Property Insurance
. The original deal was that they took them out and had to stay on the policies for three years. Insurance Commissioner Kevin McCarty
is relaxing that rule and allowing some of the insurers to non-renew some of the riskiest take-out policies early. He estimates it will affect about 20,000 to 30,000 policies. Jeff Grady of the Florida Association of Insurance Agents
says agents aren't thrilled about this change. In fact, he thinks it's an indication that the whole take out program is a failure.