Florida Citizens oversight News

Florida regulators have released a report into Citizens Property Insurance Corp., finding that the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses, while giving it high marks for responding to policyholders’ claims. Regulators …

Florida’s state policyholder-backed property insurer says it welcomes a newly proposed legislative initiative that would create an independent inspector general to oversee the insurer’s handling of employee complaints and use of funds. Florida State Senator Joseph Abruzzo (D-Palm Beach) has …