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Florida’s chief financial officer, Tom Gallagher, has opened a criminal fraud investigation into whether executives at Citizens Property Insurance Corp., the state’s insurer of last resort, took bribes to award business to adjusters.

The insurer’s CFO, R. Paul Hulsebusch, resigned in September following allegations of kickbacks and other unethical conduct. A lawsuit filed by Texas adjusting firm, Universal Risk, alleges that Hulsebusch accepted at least $28,000 in bribes from another adjusting firm, which later was hired to handle claims for Citizens. Universal is seeking $3.6 million in lost adjusting fees, as well as unspecified punitive damages.

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