State Sen. Fasano fuming over Citizens' proposed changes

If state Sen. Mike Fasano has his way, there will be a battle in the Legislature over any move to take away rights of Citizens Property Insurance policyholders. Fasano was outraged Friday to learn that a task force draft report recommends that Citizens policyholders lose the opportunity to "opt out" when a private insurer wants to take their policy out of state-run Citizens. Some policyholders were upset that many insurers approved to take policies from Citizens have poor financial ratings and little expertise. If anything, Fasano said, it should be easier for policyholders to avoid being transferred to an unwanted insurer. "I believe, at the minimum, we should allow people to opt in" to transferring their policies, said Fasano, R-New Port Richey, who sits on the Senate's banking and insurance committee. The task force is expected to finalize and vote on recommendations next month.

State Sen. Fasano fuming over Citizens' proposed changes 12/12/08 [Last modified: Sunday, December 14, 2008 1:24pm]

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