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Fla.'s State Insurer Plows Through Policy Sell-Off In 2015

By Carolina Bolado (January 8, 2015, 6:18 PM EST) -- Florida's state-backed insurer Citizens Property Insurance Corp. has embarked on an aggressive reinsurance program and policy sell-off to reduce a staggering $11.6 billion in unfunded liabilities, a strategy it plans to continue by turning over thousands more policies to private insurers in 2015, Citizens CEO Barry Gilway told Law360....

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