The Real Deal Miami

Citizens could get smaller

November 14, 2011 12:19PM

State-backed Citizens Property Insurance could shrink a bit, as board
members consider ways to make the company — and its financial risk —
smaller. Citizens will consider recommendations at a meeting today after
Gov. Rick Scott required a series of proposals for an upcoming cabinet
meeting in December. Last week, Citizens announced it was planning a
rate hike for condominium properties in Florida with policies exceeding
$10 million. [Sun
Sentinel]