Being known as "The Sunshine State" doesn't stop hurricanes from invading Florida's shores. This fact drives property insurance rates up; so in 2002 Florida's legislature established Citizens Property Insurance Corporation (Citizens), a non-profit, state-managed insurance company. It provides last-resort personal and commercial property/casualty insurance to Floridians who are unable to afford coverage from private sector companies. Citizens writes wind damage and hurricane-only wind damage policies, as well as multi-peril policies. Over 90% of the company's policies in force are for personal residential coverage.