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 regulators are working on a report that is expected to layout the financial status, claims handling and other administrative workings of the state’s 1.4 million policyholder-backed property insurer. Florida Insurance Commissioner Kevin McCarty, in response to an inquiry by …
Florida officials are seeking answers after an internal investigation into the conduct of some former and current executives of the state’s largest property insurer yielded evidence of incomplete investigations into inappropriate behavior, favoritism and mismanagement of funds. Citizens Property Insurance …
Florida Gov. Rick Scott has asked Inspector General Melinda Miguel to investigate the recent firings of four Citizens Property Insurance Corp. employees responsible for keeping an eye on any internal wrongdoing at the state-backed insurer. In a three-paragraph letter, Scott …
In the face of criticism, the top executive of Florida’s state-backed property insurer acknowledge his decision to close the insurer’s office in charge of corporate oversight before having its replacement in place was ill-advised. Citizens Property Insurance Corp. executives recently …
