Some Citizens policyholders learn buyout offers rescinded

WEST PALM BEACH, Fla. — Some Citizens Property Insurance policyholders offered buyouts from private companies are seeing those offers being taken off the table.

"It wasn't a lot of letters, but it was a significant amount," Robert Norberg, of Arden Insurance in Lantana, said.

The reactions from his clients, Norberg said, ranged from confusion to asking, "How can they do that to me?"

"My clients have been skeptical and they're like, 'Hey, why am I being thrown back out of a good deal?" he said.