Florida-backed insurance company Citizens Property has been approved to transfer up to 500,000 of its policies to six other insurance companies this year. The companies -- American Integrity, Argus Fire & Casualty, Avatar Property and Casualty, Homeowners Choice Property & Casualty, Magnolia and Southern Oak -- will acquire 100,000 policies this month. The transfers represent a portion of the company's existing 1.5 million policies.

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