State-backed insurer backs off plan for new office
Oct 2, 2008
Gainesville Sun–October 1, 2008
The Associated Press
In the wake of criticism by key lawmakers, the state-backed property and casualty insurer, Citizens, 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.
Gaetz said Wednesday any extra dollars that might be available to the government-backed insurer should instead lower surcharges and lower premiums for its policyholders.