Florida Citizens

Floir data shows that First Protective has the largest market share, at 9.4 percent, followed by USAA, with 7.6 percent.

The major state carrier absent from the group active in the panhandle is UPC Insurance.

The postponement will provide time for Citizens to assess policy changes that take aim at assignment-of-benefits abuses.

Coastal dwellers in Florida would be hardest hit by the increase, with rates on the seafront rising by an average of 9.5 percent.

Florida Citizens' latest issuance expands by a quarter during marketing.

Florida's state-backed insurer is set to buy $1.42bn reinsurance for the 2018 season.

Florida's state-backed carrier Citizens has launched a $200mn Everglades Re cat bond which will provide it with protection against named storms in the state of Florida, sources said.