Chris Gardner will stay on as chair of Citizens Property Insurance Corp.’s Board of Governors.
Chief Financial Officer Jeff Atwater announced the news Friday. Gardner has been chair since last August.
Gardner was appointed to the board by Florida House Speaker Will Weatherford, who recently reappointed Gardner for a three-year term, according to the release.
“Chris has proven he has the skill, experience and leadership necessary to make Citizens more accountable and beneficial to its ratepayers as well as all of Florida’s taxpayers,” Atwater said.
Gardner is the managing shareholder of Kuykendall Gardner LLC, a Florida-based insurance brokerage firm in business since 1953.
Citizens, a government-created corporation, still is Florida’s largest insurer.
It came about after millions of Floridians couldn’t get homeowner insurance following Hurricane Andrew in 1992.
In the years since, lawmakers have complained Citizens took on too much risk. At the same time, it was underpriced for the market, leaving it short on cash.
Gov. Rick Scott, among others, has pushed Citizens to decrease its customer count and reduce the value of homes it can insure.
The company since has used a variety of measures to farm out policies and reduce its exposure.