Citizens CEO Scott Wallace resigns
Scott R. Wallace, president and CEO of Citizens Property Insurance, has resigned after a six-year stint overseeing the state-run property insurer of last resort.
Wallace tendered his resignation in a letter Friday to Citizens chairman Carlos A. Lacasa. A brief statement from Citizens did not disclose his reasons for leaving.
Lacasa praised Wallace for leading Citizens "through a complex ramp up of the infrastructure needed for Citizens to provide the services and possess the claims payment ability that is so essential to our state's housing industry."
Citizens is the largest insurer statewide with nearly 1.5 million policies.
Jeff Harrington, Times Staff Writer