Fla.'s Citizens Property Insurance Revised to Stable by Fitch Ratings

Sigo, Shelly
May 2006
Bond Buyer;5/11/2006, Vol. 356 Issue 32379, p3
Trade Publication
The article reports on the revision of the outlook for Citizens Property Insurance Corp. by the Fitch Ratings Inc. in Florida. According to the report, the revision was to affirm the state-run insurer's A-minus senior-debt rating for its high-risk account. This outlook will be reflecting the Citizens' movement toward charging actuarially sound rates and action by the Legislature to appropriate $715 million from the state's general revenue fund to reduce the size of Citizens' deficit.


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