In the wake of criticism by key Florida lawmakers, the state-backed property and casualty insurer, Citizens Property Insurance Corp., is backing off plans to seek a new, larger office complex that once included a gymnasium, cafeteria and concierge service.
Two Republican state senators, Don Gaetz of Niceville and J.D. Alexander of Winter Haven, objected to Citizens seeking 100,000 square feet of more expensive office space at a time small businesses and families were smarting from high insurance rates.
Both lawmakers sit on the Senate Banking and Insurance Committee.
On Oct. 1, Gaetz said any extra dollars that might be available to the government-backed insurer should instead lower surcharges and lower premiums for its policyholders.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
FL Resident says: 
Dave says: 
Hiatt Brown says: 
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
