Citizens CEO warns Florida property market rate structure not sustainable

Citizens CEO Barry Gilway has told a Florida House subcommittee that the state’s property insurance rate structure is not sustainable as the state-backed insurer’s policy count heads towards one million, in comments that follow Florida’s insurance commissioner last month bemoaning a “dire” situation.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@thomsonreuters.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com