Florida's largest insurer looks to shrink in size

  Tuesday, June 5th, 2012 Source: Palm Beach Post

There could be many ways to kick off hurricane season in Florida. You could spend it drawing up your emergency plans, or even stocking up on batteries and flashlights. But a large crowd gathered in a Tampa hotel on Friday to talk about another big issue associated with the storm season: Property insurance. Citizens Property Insurance, the state’s largest property insurer, billed the event as a "depopulation summit." That’s insurance jargon for saying that the state-created Citizens wants to reduce the number of policyholders it now must cover.

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