Lawmaker calls for audit of Citizens Insurance’s new $350 million loan
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Another day, another controversy for Citizens Property Insurance Corp., which has moved aggressively to make itself less attractive ever since Gov. Rick Scott ordered it to downsize last year.
In recent months, the state-run insurer has hiked rates, sidestepped the state Legislature, spent lavishly on executive perks and backed a risky multi-million dollar loan program pushed by an insurance lobbyist. As Citizens plows ahead with its massive overhaul, it is picking up a host of enemies along the way. … Read more TBT/Toluolo)
FLConnnection/ A. Varona, Editor