Rick Scott Wants to Kill Citizens Property Insurance

Categories: Politicks
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Rick Scott wants to run Florida like a business, but he seems ideologically driven to make sure the state isn't in the business of much. Fresh off a Pulitzer win for investigative reporting, Paige St. John of the Sarasota Herald-Tribune yesterday filed a shocker claiming Scott aims to kill Citizens Property Insurance, the state-run public home insurer, before his first term ends. The plan has sent shockwaves through the private insurance sector and Scott's own Republican party.

The bill creating Citizens was signed into law in 2002 by Republican Gov. Jeb Bush and was written by lobbyists for the private insurance industry. The public corporation was meant to be a last-option insurer for homeowners who couldn't obtain insurance any other way, and with 1.3 million customers, it has become the state's largest home insurer.

Republican Gov. Charlie Crist passed several reforms during his term that expanded Citizens' reach. It should be noted that Bush was critical of many of those reforms and since leaving office has talked numerous times about trimming back the corporation. However, in 2006 Bush confirmed that his condo in Coral Gables was indeed covered by Citizens.

The Herald-Tribune reports that in meetings held this past February with top insurance industry lobbyists, Scott's aides made it clear the governor wants to kill the corporation before his first term in office ends.

Even the lobbyists were caught off guard.
The industry lobbyists protested that Florida carriers could not absorb all of Citizens' business, records show.

The gap would force many Florida property owners to turn to the unregulated surplus lines market, where rates are unchecked and policies are not backed by a state guarantee fund.

A lobbyist who attended the meeting advised others by email that Scott knew about the gap, but was not bothered.

"He doesn't seem to care whether they are insured in the voluntary market or surplus lines," the lobbyist wrote.
"He's clueless. The governor is clueless as to what is happening throughout the state, and the burden on homeowners and condominium owners and business owners," Republican Sen. Mike Fasano, one of Scott's toughest critics in the GOP, told the paper.

Scott himself has never publicly spoken of killing the company. Many rank-and-file Republicans simply want to trim Citizens' fat, reduce its market share, and return it to its original purpose of being the insurance carrier of last resort.

The insurance industry also wants to reduce Citizens' coverage to a bare-bones level that wouldn't compete with companies' policies. But few in the industry want to see Citizens eliminated. Private insurers often seek insurance for coastal homes against hurricane damage through Citizens while they cover the same homes for other types of damage.

[Herald-Tribune: Documents show a Scott push to shutter Citizens]

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9 comments
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THEBLOB
THEBLOB

GET HIM OUT OF OFFICE WHAT EVER IT TAKES TO DO IT GET HIM OUT NOW!he is going to Kill florida and make it so ther are extrem poor and extrem rich GET THAT BALLED HEADED PRICK OUT NOW

Dave
Dave

Citizen's would not even be in business if the state and the insurance industry would stop allowing companies to pick and choose when where and with who they do business. For many years all those companies took our money, and never had to pay a dime. Then you have a few storms hit and when they need to pay out they cry. So what do they do they bail out on everyone take the money and run. If your going to allow a company to do business like auto and other types of coverage, then they should be required to cover all lines of business or not at all.

robert
robert

everybody should just stop paying for everything and screw the financial world at the pace were going with all these idiots asn gangsters running our goverment were going to loose it all anyways so stop paying now and enjoy the little freedom and life we have left

Sucks
Sucks

Home Owner can afford the mortgages but can't affor the insurance, and this clown does not care about the hard working homeowner's, as far I care the bank could take my house away, I am fed up with all this Sh*** of insurance and property taxes, let's see who pays the bills then.

Joan Cortez
Joan Cortez

I want to thank all the people that voted for this gangster. You know he was a piece of workand you voted for him anyways.

native
native

I wake up everyday and turn on the news and wait to see if I see the headline that many many people are waiting to see. (u know what I mean) Not yet, but at this rate it could be any day now.

Brandon
Brandon

Dont worry native... We will soon see those headlines we're all praying for. But brace yourself for the next one. I dont see it can get any worse. Good Luck!

Goober
Goober

I don't know. What headline? Guess I'm stupid.

Lourdesgarcianyc
Lourdesgarcianyc

Let's see, where and how do I start. You suck!!!!!!!!!!!!! What else are you going to do? So much for your appearance at "El Rey Jesus". What was that for? "Show Time???". Your amazing.

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