When Barry Gilway was hired as CEO of Florida Citizens Property Insurance Corp., the 42-year insurance industry veteran called the position his most challenging.
"That was a gross understatement," says Gilway in an interview with PC360. "The challenges, I must admit, are even greater than I thought."
Citizens, has been slammed in the local Florida press and by some politicians on its reinsurance buys, expenses and compensation—as the insurer attempts to edge up rates on significantly underpriced risk.
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