A Florida Senate committe has thrown its support behond Barry Gilway as the president and CEO of Citizens Property Insurance Corp.
The Florida Senate Ethics and Elections Committee unanimously voted to support Gilway. The head of the last-resort insurer faced the committee early in April to address recent unflattering reports centered on the insurer's expenses and compensation, as well as other business practices.
Gilway himself has listed insufficient policies, under-qualified staff, and reporting and investigative procedures that did not align with industry best standards as weakness of Citizens before his arrival about 10 months ago.
In acknowledging that he finds "misdeeds and allegations of misconduct by Citizens employees embarrassing and troubling," he has clearly stated, as he did this month to lawmakers, that "misbehaviors of the past will not be tolerated under my watch."
In an interview with PC360, Gilway said his initial outlook that his role at Citizens would be his greatest challenge was, "a gross understatement."
The 66-year-old insurance veteran says expenses and travel guidelines at Citizens are now "tighter than a drum."
Gilway next faces the Senate Banking and Insurance Committee. After that, Gilway's name will go before the full Senate.
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