[ad_1]
I didn’t make up this title. A veteran banking and insurance coverage business analyst made the assertion in a Washington Post article, How ‘cherry-picking’ insurance policies let one insurer win large in Florida’s insurance coverage disaster, written by Brianna Sacks.1 The precise quote was:
Florida has a horrible file of nonpayment of insurance coverage claims. It is simply applicable that cheap authorized treatments ought to be accessible to policyholders.
The Post additionally reported the next:
Florida’s insurance coverage market is without doubt one of the worst within the nation for householders, in keeping with information from the National Association of Insurance Commissioners (NAIC) obtained by The Post. Overall, in 2022, Florida had the very best share of unpaid claims of any state and probably the most claims that have been by no means processed, and it did not renew probably the most insurance policies.
The article describes how the highest government of Heritage and Slide Insurance bought political affect from key Florida Republican politicians and acquired substantial offers in return for political donations. Behind closed doorways and with out public bids, Florida politicians use Citizens Property Insurance and its executives as a method to supply improbable “takeout” offers.
Since 2018, Lucas and his firms have donated almost $2.6 million — about $1.17 million up to now 12 months alone — to key Republicans within the Florida legislature, in keeping with public marketing campaign finance information.
And on his LinkedIn account, he has written about how he has been ‘advocating for these reforms for years.’ He particularly thanked Florida’s chief monetary officer, Jimmy Patronis, for his ‘leadership’ and ‘commitment’ to creating these adjustments occur. He has given Patronis $350,000 in political donations.
The Florida State Seminoles play the Georgia Bulldogs within the Orange Bowl. Some Florida politicians, together with Jimmy Patronis, are spending their time complaining about that slightly than doing their job. In a letter complaining concerning the Seminoles not taking part in within the school championship collection and having to play Georgia, Jimmy Patronis wrote:
I imagine that transparency is one of the best disinfectant…
In the bustling world of Tallahassee politics, the place large insurance coverage firms usually whisper within the ears of these in energy, it’s like a breath of contemporary air when our authorities buddies preserve issues crystal clear. Imagine if our insurance coverage regulators and politicians chatted with us over a cup of espresso, brazenly sharing how these bigwig insurers and their lobbyists attempt to sway choices. That’s transparency for you! It can be like having a transparent window into the world of policymaking, making certain that our pursuits aren’t misplaced within the shuffle. When everybody performs honest and open, it’s not simply good governance; it’s information that our voices obtain the time and consideration given to business lobbyists. Transparency is the golden key to a democracy through which all of us really feel like we’re a part of the crew, not simply spectators!
I’m wondering how clear Jimmy Patronis can be about these conferences and people of Citizens executives with Heritage and Slide representatives whereas giving Brian Lucas all these favored offers?
Thought For The Day
Sunshine is one of the best disinfectant.
—Ralph Nader
_____________________________