CFO Alex Sink Proposes Contracting Changes to Citizens Property Insurance for More Accountability

TALLAHASSEE, FL – October 7, 2010 – (RealEstateRama) — Florida CFO Alex Sink today sent a letter to Scott Wallace, President and Executive Director of Citizens Property Insurance Corp., outlining proposed changes to Citizens’ procurement policy and contracting procedures. On August 13, CFO Sink called upon Citizens to review its contracting procedures and competitively bid its contracts after news reports revealed that the company did not competitively bid 33 contracts worth close to $50 million.


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