From October 14, 2022 post.
“Worst property insurance governor in Florida history. And it’s not even close.”
“Most expensive insurance market in America held together by billions in bailouts and duct tape”
Charlie Crist, candidate for governor of Florida, released a statement following Governor DeSantis’ laughable claim today at a press conference that many of Florida’s property insurance companies “would have gone under” if not for the property insurance special session earlier this year.
The insurance special session that DeSantis was bullied into calling did nothing for Floridians who now pay the highest property insurance rates in the country. In addition to making coverage worse, he bailed out insurance companies with $2 billion in free reinsurance.
Weeks later, the only ratings agency willing to touch Florida’s broken market warned that another two dozen or more companies would go under because the session was inadequate. The DeSantis administration then further propped up the failing companies by having Citizens guarantee billions to bail them out.
“Ron DeSantis is the worst property insurance governor in Florida history. And it isn’t even close,” said Charlie Crist. “I never thought I’d live to see the day of a Florida governor bragging about the most expensive insurance market in America held together by billions in bailouts and duct tape. DeSantis’s session was only special for the insurance companies that gave him $3 million in campaign contributions while he let them double Floridians’ rates. Because DeSantis failed, homeowners are getting squeezed and taxpayers are at risk. Floridians deserve a governor who gives a damn about them – not the insurance companies.”
In stark contrast to DeSantis, as governor, Crist was instrumental in taking on the big insurance companies, and lowering rates by 10 percent, and has committed to tackling the property insurance crisis when elected. Independent experts have described Crist’s plan as “tremendous” and a “massive, quick, quick fix for the market.”
Original source can be found here.
