In one of many first mentions of the Florida property insurance coverage disaster as a marketing campaign concern, U.S. Rep. Charlie Crist spoke out towards what he known as the incumbent governor’s lack of motion on rising premiums and insurer monetary troubles.
“Costs are rising and Floridians are hurting, however Gov. DeSantis is ignoring the issue — he’d relatively deal with tradition wars and his 2024 political ambitions,” Crist stated in a press release on the Twitter social media website.
However Crist, who was Florida governor from 2007-2011 and is working once more this 12 months, didn’t present particulars on how he would deal with the insurance coverage issues within the state, together with fee will increase, excessive quantities of claims litigation, and the liquidation of six insurers within the final 31 months.
On Twitter, he stated solely that, “Gov. DeSantis has turned a deaf ear to the insurance coverage disaster dealing with our state. After I was governor, I lowered property insurance coverage premiums. And once I’m elected, I’ll do it once more.”
The Insurance coverage Journal in latest weeks has requested Crist and his employees for particulars on his insurance coverage reform plan, however has not heard again.
Gov. Ron DeSantis has stated he’s not against a particular legislative session to cope with the disaster, if lawmakers convene one. However he has supplied no roadmap for addressing Florida’s distinctive insurance coverage panorama, which incorporates hurricane losses and what insurers name exaggerated and fraudulent roof-replacement claims. Not less than six carriers have stopped writing new enterprise within the state this 12 months and two have been put into liquidation.
A particular session has been known as for later this month to contemplate DeSantis’ Congressional redisctricting plan, however it received’t study property insurance coverage issues. DeSantis stated one other session could also be scheduled after present Home Speaker Chris Sprowls leaves workplace.
The common, 2022 session ended March 11 with out passage of serious reforms. Senate Invoice 1728, which might have made numerous modifications favored by the insurance coverage trade, handed the Senate however stalled within the Home as the top of the statutory 60-day session approached.
When Crist was within the governor’s workplace greater than a decade in the past, he famously stated “good riddance” to State Farm’s property insurance coverage firm, Florida Politics information outlet reported. The insurance coverage provider had threatened to go away the state when Crist refused to budge on some laws and permit bigger fee hikes after the 2004-2005 storm seasons.
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