Barry Gilway is CEO Florida Citizens Property Insurance Corp.
Citizens Property Insurance Corporation's Board of Governors this week took a bold yet responsible step to reduce the risk to Florida taxpayers while protecting Citizens policyholders in the event of a catastrophic storm.
On Wednesday, our board approved a measure in which Citizens will transfer up to 60,000 policies to Heritage Property and Casualty Insurance Co., a well funded, efficiently run Florida-based company that has already assumed 54,000 policies under a separate takeout measure approved by the Office of Insurance Regulation last year.
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