Insurance Corporation's Chief Financial Officer Resigns

By: Associated Press Email
By: Associated Press Email

Associated Press Release

TALLAHASSEE, Fla. (AP) -- Citizens Property Insurance Corp.'s chief financial officer is stepping down.

The state-created insurer announced the resignation of CFO Sharon Binnun on Monday. It said she will be taking a job with a private Florida insurer that hasn't done business with Citizens in its effort to shed policies.

Citizens is the insurer of last resort and has been under increased criticism by lawmakers and the governor, including reports of lavish spending on travel by top officials. Binnun is one of the executives whose expenses were called into question.

Binnun has served as CFO since 2007. Her resignation is effective July 5.

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