image credit: Pixabay

Citizens Property Insurance mulls cutting independent agents out of the picture

September 23, 2021

Citizens Property Insurance Corporation could be dropping support for its independent agents, should a controversial proposal by its chairman gain more traction.

On Wednesday, chairman of the board of governors Carlos Beruff resubmitted his proposal to cut independent agents out of Citizens’ policy underwriting and sales process. The board then instructed company staff to research financial information from large companies that directly sell insurance over the internet.

Beruff had first proposed the idea to cut independent agents from policy sales and underwriting in January, but it was met with opposition from agents and other industry executives.

Read More on Insurance Business