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From the staff of the Tampa Bay Times

Bruce Douglas stepping down from Citizens

19

June

DouglasCitizens Property Insurance Corp.'s board chairman Bruce Douglas said Thursday that he's stepping down from the Board after six years.

Douglas, 73, was appointed to the board by then Gov. Jeb Bush and former Chief Financial Officer Tom Gallagher made him chairman in 2005.

“This was a very emotional and difficult decision for me since I have been part of the tremendous progress and evolution of Citizens over the past 6 years,” Douglas said. “The people of Florida can be proud of the kind of organization Citizens has become.”

Douglas has served in the unpaid position during Citizens most tumultuous times and oversaw the exponential growth of the state-run insurer thanks to the 04-05 hurricane season, which caused much of the private industry to drop thousands of policies. Citizens also picked up most of the policies that had been with the under-capitalized Tampa-based insurer Poe Financial Group, after it went belly-up.

All board appointments expire July 31st and are appointed by the governor, chief financial officer, senate president and house speaker.

Office of Insurance Regulation Commissioner Kevin McCarty said Douglas "brought vision and expertise to addressing very challenging and complex problems and has helped Citizens become the customer-focussed organization that it is today."

[Last modified: Wednesday, September 15, 2010 11:24am]

    

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