Democrats
DeSantis, who ran a successful re-election campaign last year, and Friends of Ron DeSantis, a political action committee that supported him, have taken a combined $3.9m in contributions from insurance industry players. If donations to the Republican party of Florida since 1 January 2019 – days before DeSantis assumed office – are added, this total swells to more than $9.9m.
The authors’ analysis of campaign finance data also found that two property casualty insurance firms donated a combined total of $125,000 to DeSantis’s 2023 inaugural celebration, which marked the beginning of his final term as governor in the term-limited state.
It is no coincidence, the report’s authors suggest, that DeSantis’s administration has put the insurance companies’ interests ahead of Florida’s own citizens, who are battling homeowner insurance rates nearly triple the national average.
They write: “Instead of fixing problems with Florida’s property insurance industry, DeSantis has lavished the industry with favors and benefits while everyday Floridians suffer.”
These benefits have included the creation of $2bn taxpayer-funded reinsurance fund. Such funds exist to insure the insurers and prevent them being wiped out during a catastrophic event. Usually, insurance companies buy such coverage on the open market but, in Florida, DeSantis chose to use tax dollars to provide access to a state-subsidised insurance fund.
It is always surprising to see how cheaply career politicians sell themselves and their constituents.
The Antichrist media thanks you for posting their articles.
All groups known for their neutral, non bias, disinterested take on Florida politics I am sure.
The Guardian - read no further
Democrats
Sorry, but this is a vulnerability for DeSantis. Florida is wonderful, but the cost of insurance has skyrocketed for everyone I know here.
uhhhh....favoring the insurance co’s these days IS favoring the home owner, since we need the insurance co’s to insure our property
Been saying this for months. This will ruin his career politically. Because he’s not taking care of us his constituents, but the insurance company donors. Florida is becoming not where woke goes to die but we’re homeowners drowning in debt from insurance payments. Or move out of Florida because it’s too expensive here. He made a bad decision on this one and I’m sure it’s not the first or the last.
My neighbor is a roofing contractor.
He uses Hispanic subcontractors and marks up their work.
Maybe these Hispanic subcontractors should be licensed directly and insurance companies could deal with them in Espanol.
If someone lives in a state that is prone to hurricanes, High ins would seem a given
I’m looking at the check for my 1998 basic homeowners insurance - $169. The windstorm was $256 extra as I remember.
I have to ask you. How does it feel to parrot claims by the American Federation of Teachers, which is possibly the vilest organization on the planet?
"This bill modifies the bad faith framework to clarify that negligence alone does not demonstrate bad faith and to require a claimant to act in good faith regarding furnishing information and attempting to settle the insurance claim. Additionally, the bill allows an insurer to limit their bad faith liability when there are multiple claimants in a single action by paying the total policy amount before negotiations for a settlement begin.
Additionally, this legislation makes changes to Florida’s comparative negligence system so that a plaintiff who is more at fault for his or her own injuries than the defendant may not generally recover damages from the defendant. Furthermore, the bill expands immunity for property owners who are defending themselves from a lawsuit against a criminal actor who was injured on the property and requires a judge or jury to consider the fault of all persons who contributed to an injury.
The bill also adopts the federal standard of eliminating attorney’s fee multipliers and provides that one way attorney fee provision can only be applied in limited situations. By doing so, the bill disincentivizes frivolous lawsuits and prolonged litigation to increase the profit margins of activist attorneys abusing the system.
This new legislation also provides uniform standards to assist juries in calculating the accurate value of medical damages in wrongful death or personal injury actions. The bill also reduces the statute of limitations for general negligence cases from 4 years to 2 years."
LIEN-BASED PREMIUM REDUCTION (SELF-INSURANCE)
Lien-based premium reductions are feasible.
With a 90% lien premium reduction, the insurer would pay say $200,000 on a claim as rebuilding get done and along the way place $180,000 worth of liens on the property.
So instead of paying $10,000, the insurance would cost $1,000.
The mortgage company would be satisfied because there is a 100% chance the property will get rebuilt.
Most homeowners have lots of equity, so the lien would be financially sound.
With less demand for reinsurance, reinsurance pricing would go down significantly.
INTERSTATE CONTRACTOR LICENSING
Interstate licensing recognition is possible.
A licensed roofer from another state might be allowed to temporarily exchange his out-of-state license for a Florida license.
With more roofers bidding for work, the cost of a replacement roof would go down.
USE PAINT
Roofs that are more than 25% damaged must be replaced as per Florida law.
Instead of total replacement, new (or old) shingles might be painted to match.
OUTLAW NEEDLESS REROOFING PRICE HIKING
Florida could refuse to issue building permits for the replacement of sound roofs.
Insurers are forcing the replacement of 11-year-old roofs that have heat-sealed and are stronger than a new roof.
Needlessly replacing roofs drives up the cost of a reroof.
Needlessly replacing roofs will also leave many Florida homeowners with tarps on their roof at the start of hurricane season.
INSURER-BASED LICENSING
Insurers might be allowed to license their own contractors.
An insurer might contract with a roofer that is not otherwise licensed to repair storm-damaged Florida roofs.
LICENSE THE ACTUAL CONTRACTORS
My neighbor is a roofing contractor.
He uses Hispanic subcontractors and marks up their work.
Maybe these Hispanic subcontractors should be licensed directly and insurance companies could deal with them in Espanol.
LOL!
That’s my Governor!
It’s a never ending stream of trumped up media allegations against DeSantis. It started in earnest immediately after he was first nominated to run for Governor. The media ran story after story claiming he was a racist without even having the slightest evidence. They did so because his political opponent was black. Nothing more. They lost on that allegation but it did not stop them from making up new ones out of thin air. This is just another example.
ROFL!!!