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Lawmakers Task Florida's Chief Insurance Officer To Address 'State-Run Citizens'

Florida’s Insurance Commissioner Kevin McCarty has been tasked with figuring out how to make Florida more attractive to other insurers. Florida’s largest property insurer, state-backed Citizens Property insurance, was intended to be the “insurer of last resort.”

But, lawmakers have been trying for years to come up with ways to shrink the size of the company, including Republican Senator David Simmons, the new chair of the Senate Banking and Insurance Committee.

“There has to be a fund that we have put public money into to provide that level of protection to insurance companies who are going to be competitive here, in other words, to try and even it out," said Simmons.  "And, what I’m suggesting is the Commissioner give us, if you have more than way to skin this cat, please, present it to us.”

In addition to McCarty, Simmons is asking the stakeholders and regulators have their proposals to address the problem of Citizens ready by the first week of January.

For more news updates, follow Sascha Cordner on twitter @SaschaCordner.

Sascha Cordner has more than ten years of public radio experience. It includes working at NPR member station WUFT-FM in Gainesville for several years. She's worked in both radio and TV, serving in various capacities as a reporter, producer and anchor. She's also a graduate of the University of Florida with a bachelor's degree in telecommunications. She is the recipient of 15 awards from the Associated Press, Society of Professional Journalists (SPJ), and Edward R. Murrow. Her award-winning stories include her coverage on the infamous “Dozier School for Boys” and a feature titled "Male Breast Cancer: Lost in the Sea of Pink." Currently, Sascha serves as the host and producer of local and state news content for the afternoon news program "All Things Considered" at WFSU. Sascha primarily covers criminal justice and social services issues. When she's not reporting, Sascha likes catching up on her favorite TV shows, singing and reading. Follow Sascha Cordner on Twitter:@SaschaCordner.