Aspen Claims Service

FL Citizens Property Insurance’s Welfare Changes Game

 Wednesday, February 15, 2012

It’s almost heresy in the Capitol, but one conclusion leaps out in the debate surrounding Citizens Property Insurance Corp. in certain committee rooms this year: Florida’s much maligned state-run insurer is in solid financial shape. The idea runs counter to everything lawmakers and insurance lobbyists have been saying in recent years as they seek to dismantle the government insurance giant. It is being repeated in subtle, sometimes grudging, but unmistakable ways as lawmakers consider ditching one of the assessments Citizens can levy on private insurance policies after a major hurricane.