Actually this is the most Hypocritical Quote of the Day:"My heart goes out to homeowners with affordability concerns but I support rate increases more than the allowed 10 percent a year. Citizens rates should rise faster to make the market more attractive for private sector insurers."
~Scott Wallace, As of Friday, former CEO of Citizens Insurance
Where is Wallace going from Citizens? Homeowners Choice, Inc. a private insurance carrier serving the Florida market. He will take over as President of the Casualty Division. Wallace says he is very excited about his "new opportunity of building new markets and new opportunities."
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