Citizens Property Insurance Corp Selling $2 Billion In Tax-exempt Bonds
Citizens Property Insurance Corp., expecting an "above normal" hurricane season is planning to raise funds by selling $2 billion in tax-exempt bonds by the end of this week. Citizens is Florida government-owned which is a major player in the Florida market with around 22% market share. It comes under the backdrop of forecasts for around 5 hurricanes to strike Florida during this year's hurricane season from June 1 to November 30. Citizens has benefited from the past 4 years of hurricane free