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Property insurance firms drown in a ‘sea of red ink,’ Citizens CEO tells House panel


Pointing to a “sea of red ink,” the head of the state-backed Citizens Property Insurance Corp. described a private insurance industry Wednesday that is losing gobs of money while homeowners face soaring rates and trouble finding coverage.

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zwf6Z6FvqO4 Property insurance firms drown in a ‘sea of red ink,’  Citizens CEO tells House panel



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