CFO Atwater Supports Comprehensive Approach to Property Market
Florida Chief Financial Officer Jeff Atwater spoke before the Senate Banking & Insurance Committee to say that “standing still” on Florida property insurance issues is not an option. Atwater encouraged the committee to pursue legislation designed to reduce the potential assessment burden on all Floridians that would arise from deficiencies in the state-created insurance entities. In doing so, Atwater asked the committee to consider how various parts of the overall picture will affect policyholders– making sure that changes made to Citizens Property Insurance Corporation, the Florida Hurricane Catastrophe Fund, or other aspects of the market are neither at odds with each other nor cumulatively burdensome on policyholders. CFO Atwater’s comments prefaced lengthier detailed presentations made by Commissioner Kevin McCarty and Citizens’ Chief Executive Officer Barry Gilway.