With #Nicole bearing down on Florida, it is more important than ever to elect a governor who cares about the property insurance market and actually knows how to fix it. That's @CharlieCrist.
Because of DeSantis, we now pay the highest rates in the nation. 1/
Because of DeSantis, we now pay the highest rates in the nation. 1/
Ron DeSantis is the worst property insurance governor in Florida history. And it's not even close.
The industry gave him $3 million, and Ron gives them whatever they want. Rates up $2,200 - more than doubled from the day he took office. That's if you can even get insurance. 2/
The industry gave him $3 million, and Ron gives them whatever they want. Rates up $2,200 - more than doubled from the day he took office. That's if you can even get insurance. 2/
This year alone: 6 companies failed. 10 left.
For 12 years, R govs paid private insurance companies to take policies out of state-run Citizens, but Citizens policies tripled under DeSantis - 400k when he took office to nearly 1.1 million today - tripling taxpayer exposure. 3/
For 12 years, R govs paid private insurance companies to take policies out of state-run Citizens, but Citizens policies tripled under DeSantis - 400k when he took office to nearly 1.1 million today - tripling taxpayer exposure. 3/
2 special sessions = $2 billion in insurer bailouts, worse coverage, and higher rates.
System nearly collapsed this summer bc the only company willing to rate FL insurers knows how bad it is.
Ron's fix? Another $3 billion bailout for the teetering companies with bad books. 4/
System nearly collapsed this summer bc the only company willing to rate FL insurers knows how bad it is.
Ron's fix? Another $3 billion bailout for the teetering companies with bad books. 4/
*Before* Ian, DeSantis' failed property insurance market was being held together with billions in free bailouts, smoke, mirrors, and duct tape.
After Ian, the story gets worse. 5/
After Ian, the story gets worse. 5/
DeSantis and CFO Patronis are now asking hurricane victims to prop up these failing insurance companies. They're colluding with insurers to urge people not to get a public adjuster or a lawyer if they're getting shortchanged. "Trust your insurance company," they say. 6/
DeSantis is also helping insurers deny claims, as he runs around saying most of the damage was from water not wind. He does this even though he knows the vast majority of victims don't have flood insurance. He's on their side not yours. 7/
Remains to be seen how bad Ian ultimately is for the market bc they banned companies from declaring failure until after the election. (You still get claims paid by the guaranty fund if your insurer fails. This move is about DeSantis saving face.)
Ron has no plan to fix it. 8/x
Ron has no plan to fix it. 8/x
• • •
Missing some Tweet in this thread? You can try to
force a refresh
