In the wake of criticism by key Florida lawmakers, the state-backed property and casualty insurer, Citizens Property Insurance Corp., is backing off plans to seek a new, larger office complex that once included a gymnasium, cafeteria and concierge service.
Two Republican state senators, Don Gaetz of Niceville and J.D. Alexander of Winter Haven, objected to Citizens seeking 100,000 square feet of more expensive office space at a time small businesses and families were smarting from high insurance rates.
Both lawmakers sit on the Senate Banking and Insurance Committee.
On Oct. 1, Gaetz said any extra dollars that might be available to the government-backed insurer should instead lower surcharges and lower premiums for its policyholders.
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
