Don Glisson has been appointed to the board of governors of Florida’s Citizens Property Insurance Corp.
Glisson is chief executive officer of Triad Financial Services in Jacksonville. Triad is an insurance broker for the manufactured home industry.
The appointment was announced last week by Florida’s elected chief financial officer, Jeff Atwater, who is a member of the State Board of Administration. The SBA oversees Citizens.
Glisson takes the new position as CPIC plans to sell up to $1.5 billion of bonds.
Bond proceeds will provide liquidity for hurricane-related property insurance claims, if needed. The bonds are expected to be sold in the first or second week of June.
The official hurricane season begins June 1 and runs through November, though it is not unusual for named storms to develop outside those dates.
The first tropical storm, Alberto, formed off the South Carolina coast Saturday.
It was downgraded Tuesday, and hurricane forecasters have said that it is not necessarily an indication that the season will be active.
Florida hasn’t been struck by a major storm since 2005.
State-run Citizens is the largest property insurer in Florida with nearly 1.5 million policies.
The nonprofit CPIC provides storm coverage mainly to homeowners who cannot obtain it from the private market.
