The Real Deal Miami

State weighs Citizens cuts

December 06, 2011 02:13PM

Proposed changes at state-backed Citizens Property Insurance could lower
the company’s risk by $190 billion, according to the South Florida Sun
Sentinel. The move follows an order by Gov. Rick Scott to reduce its
size this summer. The proposal, which is currently being examined by the
Florida Cabinet, would look at 31 ways for the company to downsize. It was approved by Citizens’ board last month. [Sun
Sentinel]