Florida CFO Alex Sink is urging state-backed Citizens Property Insurance Corp. to put more contracts out for bids.
Sink sent a letter to Scott Wallace, president and executive director of Citizens, asking Citizens to change its ways after news reports revealed that the company did not competitively bid 33 contracts worth close to $50 million. Sink has recommended that Citizens revise its broad emergency exemption from competitive procurement, consider posting all of its contracts online on a searchable Web site, and provide additional training for its staff in the competitive bidding process.
Sink commended Citizens for already taking steps to improve its contracting process.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
AXA XL Launches Insurance Company, AXA XL E&S 
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
State Farm to Increase Claims Workforce by 3,000 From This Issue
