I was particularly taken by a debate during Citizens Property Insurance Company (Citizens) December 15, 2021, Board of Governors meeting. You can and should watch it beginning precisely at the 42:07 mark on the Florida Channel .
Lead by Chairman Carlos Beruff (a real estate developer and home builder) board members discussed whether it’s financially more responsible for Citizens to forego the purchase of reinsurance in favor of bonds as a means to preserve surplus and reduce potential deficits.