TALLAHASSEE, Fla. (WFLA) — Home Democrats in Tallahassee are calling on the governor to analyze Florida insurance coverage corporations which might be claiming they’re broke, all whereas transferring income to their affiliate corporations.
Home Minority Chief Fentrice Driskell, D-Tampa, despatched each Governor Ron DeSantis and Home Speaker Daniel Perez letters asking to additional examine the current information of property insurance coverage corporations claiming to be in misery, whereas on the identical time, shifting billions in income to corporations they personal.
“We’re pushing for that accountability, calling for an investigation, asking the Florida home to make use of its subpoena energy. Let’s put some people below oath and let’s get some questions,” Driskell mentioned.
Democrats say the letters to DeSantis and Perez had been sparked by the Tampa Bay Times’ recent report on a secret research. The research discovered insurers have despatched billions of {dollars} to affiliate corporations, or to shareholders, as an alternative of utilizing these income to learn coverage holders.
“We all know from the tales that we hear in districts that had been ravished by hurricanes, had been ravaged by flooding, that individuals are not getting what they want from their property insurance coverage firm,” Driskell mentioned.
Driskell says the research carried out in 2022 confirms prime insurance coverage corporations have been ripping off on a regular basis Floridians after which mendacity to the legislature.
Apart from the information, Florida Insurance coverage Commissioner Michael Yaworsky factors to market stability rising right here within the state
“We’re actually seeing excellent news emerge on each entrance,” Yaworsky mentioned. “We’re seeing litigation charges lower upwards of 30% all through the state, so the reforms are working. It does take time for shoppers to actually really feel all these results and the impacts, and to a level, we’re preventing towards inflation and different financial elements that we can not keep away from, however we’re seeing excellent news.”
Information Channel 8 in your aspect reached out to each the governor and home speaker however haven’t heard again but.
