Are we happy that an executive at Florida’s state-run property insurer spent $236.17 for a six-hour hotel stay in Zurich, Switzerland, to freshen up for a meeting? No, but such overbilling isn’t close to the main problem at Citizens Property Insurance Corp.
Last week, Florida’s inspector general released his final report after a review of Citizens’ travel policies. Gov. Rick Scott asked for the review after news reports of loose spending while Citizens was raising rates on policyholders. The governor congratulated himself for seeking the review, but tighter travel will not fix Citizens or the property insurance market in Florida.
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