{"id":253339,"date":"2026-08-11T15:03:28","date_gmt":"2026-08-11T19:03:28","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&#038;p=253339"},"modified":"2026-08-11T15:03:30","modified_gmt":"2026-08-11T19:03:30","slug":"insurer-of-last-resort","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/insurer-of-last-resort\/","title":{"rendered":"Insurer of Last Resort"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/ndcdyn.interactivebrokers.com\/mkt\/?src=glossGenAcc&amp;url=%2FUniversal%2FApplication\" target=\"_blank\" rel=\"noreferrer noopener\">Open Account<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An insurer of last resort is a state-created entity that provides property coverage to owners who have been declined by private carriers, sometimes called a residual market mechanism. Citizens Property Insurance Corporation in Florida is a prominent example, alongside the Florida Hurricane Catastrophe Fund which supplies subsidized reinsurance to both Citizens and private insurers. When regulators hold premiums below actuarially indicated levels, private capacity tends to withdraw and policy counts migrate toward the residual market, concentrating catastrophe exposure on a public balance sheet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An insurer of last resort is a state-created entity that provides property coverage to owners who have been declined by private carriers, sometimes called a residual market mechanism. Citizens Property Insurance Corporation in Florida is a prominent example, alongside the Florida Hurricane Catastrophe Fund which supplies subsidized reinsurance to both Citizens and private insurers. When [&hellip;]<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13274,13251],"class_list":["post-253339","glossary-terms","type-glossary-terms","status-publish","traders-glossary-trading-terms-i","traders-glossary-trading-alphabet"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"A state-created entity that provides property coverage to owners who have been declined by private carriers, sometimes called a residual market mechanism.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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