Preparing to approve proposed rate increases, leaders of Citizens Property Insurance Corp. expressed continued frustration Tuesday at rapid growth in the state-backed insurer — and that rates aren’t higher.
“At the end of the day, from our perspective, we continue to grow in a company that is supposed to be shrinking,” Citizens Board of Governors Chairman Carlos Beruff said as committees met in advance of a full board meeting Wednesday. “And that is because we have huge advantages in the marketplace that other companies don’t have.”
