Rick Scott Won't Kill Citizens Property Insurance, He Just Wants to Shrink It

Categories: Politicks
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Gov. Rick Scott has denied a report in the Sarasota Herald-Tribune that his administration aims to kill Citizens Property Insurance during his first term. Scott claims he's merely sticking to his campaign promise to reduce the state-run home insurer and return it to its original intent as the insurer of last resort.

The report of Scott's desire to kill Citizens caught several politicians in his own Republican Party, as well as representatives from the private insurance industry, completely off-guard.

Citizens was established in 2002 under Gov. Jeb Bush as a public insurance company covering homeowners who couldn't find decent insurance in the private market. The bill was written by insurance company lobbyists, and many of Citizens' policies cover only hurricane and wind damage.

"Citizens has got to become the insurance of last resort, not the insurance of first resort," Scott said yesterday in response to the report. "We've got to look at everything we can to create an environment where people want to come into our state to sell insurance. And we've got to think about the regulations that we have that cause our insurance to cost too much money."

Citizens has since become the largest home insurer in the state, and many costumers continue to see their premiums rise.

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Revaed409
Revaed409

All you damn republicans, you voted for him ,you deserve him

Butch Stevens
Butch Stevens

WELL Damn, the ONLY reason it is the Largest Insurer is ALL the Insurance companies Left after the Hurricanes, we had no other choice,they didn't leave due to ANY regulations they left because they lost money when we had a freak Season and FIVE Hurricanes hit the state in one year. In my county only a couple of companies will cover Mobil homes at all and with so many restrictions it is Impossible to get it from any where but Citizens.Citizens IS the last resort. My premium went from $589.00 a year to $1600.00 a year. and Citizens was my only choice when the Company I was with dropped me. I had NO damage or claims.I say tell the insurance companies if they cant or Wont cover homes, Mobil and On site built, Get OUT of Florida period.

Apalapala
Apalapala

Costumers see prices rise especially around Halloween.

caradee
caradee

all hail the mighty corporate whore!

Limp Wrist
Limp Wrist

Rick Scott has a mob associate in his leadership coalition. Meet Joe Ardolina of American Truck Sales. He's a former vice president in the now defunct H&W Refuse Service whose president was Anthony Carione, fingered by law enforcement along with his brother Frank Carione, as then active figures in the underworld. Another brother, Joseph Carione, plead guilty to defrauding the government as a co-defendant in a case that involved Colombo crime boss Andrew Russo. bit.ly/edERUe

3054444444
3054444444

"...and many costumers continue to see their premiums rise".

Gabe
Gabe

Yes, costume shops have traditionally been faced with high insurance premiums.

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