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Back to the Future?

Nearly two years after a substantial makeover at Citizens Property Insurance Corp., Florida's largest property insurer may be in line for even more significant changes. Lawmakers during the 2008

By Gary Fineout | Updated on December 31, 2008

Nearly two years after a substantial makeover at Citizens Property Insurance Corp., Florida’s largest property insurer may be in line for even more significant changes. Lawmakers during the 2008 session approved the creation of the Citizens Property Insurance Corporation Mission Review Task Force. The 11-member panel was directed to develop a report recommending what changes would be needed to return Citizens to its former role as a state-created, noncompetitive residual market mechanism.

The final report, due Jan. 31, is expected to make a sweeping series of recommendations that would affect Citizens’ operations and balance sheet. That could set the stage for a contentious showdown during the 2009 legislative session; many of the recommendations would require approval from both state lawmakers and Gov. Charlie Crist, who pushed for major changes to Citizens when he took office in 2007.

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