NU Online News Service, March 7, 8:10 a.m. EST

Tom Grady, commissioner of the Florida Office of Financial Regulation, has been tapped to be president of the state's last-resort insurer.

The Board of Governors at Florida Citizens Property Insurance Corp. says it unanimously voted to appoint Grady, former vice chairman of the Florida House Insurance, Business and Financial Affairs Committee, its interim president to replace Scott Wallace.

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