Tom Grady to Leave OFR, Head Up Citizens Property Insurance

Tom Grady, commissioner of the Florida Office of Financial Regulation, told his staff this morning he will resign his position, effective "soon." He said he has been appointed to head up Citizens Property Insurance Corp. -- a move made by the Citizens board of directors.

The governor's office confirmed the appointment has been made, saying Grady will serve as the interim top executive and will have the opportunity to apply for the permanent post.

Grady served as a legislative page and intern for the Florida House of Representatives and was later elected to Collier County's District 76. During his term, he successfully sponsored various bills amending financial regulation and enhancing consumer protections. He often worked closely with OFR and other state and federal regulators and prosecutors before agreeing in 2011 to become the office's commissioner.

Watch Sunshine State News. Full story coming.