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Statement from CFO Tom Gallagher regarding Citizens Property Insurance Corporation

9/15/2005

CONTACT:     
Tami Torres or Bob Lotane 
(850) 413-2842
 
"Due to the serious allegations made against former Citizens' Property Insurance Corporation Chief Operating Officer Paul Hulsebusch, I have directed our department's fraud detectives to immediately launch a criminal investigation and subpoena all documents related to his case.
 
"These developments are especially troubling because Floridians' claims may have been mishandled as a result. We will pursue this investigation fully to ensure complete accountability for Florida's consumers."
 
 
 
As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Tom Gallagher oversees the Department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. Gallagher also serves as the State Fire Marshal.