|By Charles Elmore, The Palm Beach Post, Fla.|
|McClatchy-Tribune Information Services|
The company's chairman paid back travel costs that overshot company limits on his second trip to
"I think it's outrageous," said
Citizens approved a
Citizens exercised "insufficient controls" over travel spending by senior managers and employees that cost policyholders
Citizens officials adopted tougher travel rules as "a concrete way Citizens can demonstrate to our policyholders and the people of
The travel is related to buying reinsurance from offshore companies. Citizens did not purchase any private reinsurance as recently as four years ago, but the company says the coverage can help avoid assessments to insurance customers statewide after unusually catastrophic, rare storms.
Though Citizens pays third-party agents and brokers substantial sums to represent it in reinsurance transactions, the company says multiple trips by several of its own officials also are essential, including this year by Gardner, Gilway, chief financial officer
"Brokers are used more for making contact and then serve largely in an administrative function once the agreements are penned," spokesman
Not everyone buys this argument.
"You don't need four executives over there," said
Fasano wonders: "Where's the outrage from
At a board meeting in April, Gilway praised Gardner's "personal commitment" as demonstrated by his heavy travel slate.
"We've done great things today," Gardner said as the board approved