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Citizens Property Under Fire

June 25th, 2013 by flanews

Florida’s public insurance company has been scrutinized after the deal with newly formed private insurance company, Heritage.

The property insurance company is now under fire after exploring proposed rate hikes for policyholders.

The overall hike would be up to 8-point-8 percent for those who use the insurer.

Chief Financial Officer Jeff Atwater says the public insurance company needs to be more transparent and listen to the public before making any huge decisions.

”My clear direction to Citizens is look, you have a process, you have a responsibility. Take the time, make it available to the public and make your decisions on that,” said Atwater.

Some homeowner’s average premium may increase 400 dollars a year.

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