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.
Was this article valuable?
Here are more articles you may enjoy.
Insurance Gaps Leave Airlines Exposed as Iran Conflict Widens 
Westchester Close to Settling on Hurricane Sally Condo Claim That Topped $230M 
Georgia Insurance Law Is About to Get an Upgrade With Multiple Changes 
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
