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HomeProperty InsuranceWhy Are Florida Republican Leaders Rigging the Authorized System to Favor Insurance...

Why Are Florida Republican Leaders Rigging the Authorized System to Favor Insurance coverage Corporations and Forestall Redress For Dangerous Religion Actions? | Property Insurance coverage Protection Regulation Weblog

An editorial to the Palm Seashore Publish requested the title query of this put up. The reply appeared very apparent when it famous:1

‘[I]nsurance firms, executives and brokers have donated no less than $74 million to Florida politicians or enterprise teams.’ The highest recipient: Gov. Ron DeSantis, pulling in $3.3 million. And there’s this gem: Florida Chief Monetary Officer Jimmy Patronis, has raked in almost $2 million — from the trade he’s supposed to control.

Suppose organized criminals, the MAFIA, might make donations to the police. Do you assume the quantity of crime would go up whereas the accountability for these wrongful actions would go down?

Donald Trump rightfully referred to as out Florida Republican leaders final week for promoting out their constituents to the insurance coverage trade. 

The Washington Publish took info that was given to Florida Republican legislators in a public listening to after which to Jimmy Patronis’ workplace final yr. The identical info was adopted up by only one investigative reporter, Brianna Sacks, who wrote the story uncovering the widespread drawback of Florida Hurricane Ian policyholders being delayed, denied, and underpaid insurance coverage claims on a systemic foundation.2 On Friday, after the embarrassing fact was revealed by the Washington Publish—and solely after Donald Trump referred to as out his fellow Republicans for “promoting out”—did Ron DeSantis say an investigation can be began by Florida leaders.       

Florida Republican politicians have lots of explaining to do. These proposed and lately handed legal guidelines successfully ending Florida insurance coverage shopper protections appear to have just one logical foundation for why that is occurring. It looks like these accountable for defending the general public have acquired “safety cash” from the insurance coverage trade. It looks like Florida Republican leaders are doing their greatest to repeat the insurance coverage firm propaganda and conceal proof about all of the abuse these insurance coverage firms are committing. Worse, they’re now making legal guidelines so no person can do something about it sooner or later.

It’s superb that the Washington Publish and Donald Trump lastly reached settlement on one thing and collectively uncovered these unhappy info and the state of affairs in Florida.      

Thought For The Day

Tolerating organized crime promotes a budget philosophy that all the pieces is a racket. It promotes cynicism amongst adults. It contributes to the confusion of the younger and to the rise of juvenile delinquency.

—Robert Kennedy

1Politicians, don’t let the insurance coverage firms off the hook, Palm Seashore Publish, A ten, Mar. 18, 2023.

2Brianna Sacks. Insurers slashed Hurricane Ian payouts far beneath harm estimates, paperwork and insiders reveal. Washington Publish Mar. 11, 2023.



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