Citizens Property Insurance board OK’s $1 billion-plus reinsurance plan

Citizens Property Insurance Corp. will transfer $1.42 billion in risk to the reinsurance and capital markets — a move its leadership said would leave it with reserves sufficient to cover a major storm.  FloridaPolitics.com’s Michael Moline reports.

• Artemis.bm– Florida Citizens approved for $1.42bn reinsurance buy in 2018

http://floridapolitics.com/archives/263202-citizens-oks-reinsurance-plan