The political back-and-forth over Florida’s soaring homeowner’s insurance rates reached new heights this week. On Tuesday, Florida Democratic gubernatorial candidate Jim Davis unveiled a series of hurricane insurance reforms. On Wednesday, Republican Insurance Commissioner Kevin McCarty decided one of those ideas had merit when he allowed Citizens, the state-run insurer of last resort, to take back former policyholders that left for private insurers. On Thursday, Democrat candidate for lieutenant governor Daryl Jones stopped in Fort Myers to boast about it.
“The Office of Insurance Regulation has decided to follow our policy and they made an immediate change. And this goes to what we talk about all the time: you can benefit the citizens of Florida simply by making some good decisions. And a lot of the time, the current administration wasn’t willing to make those good decisions for the people of the state.”
Republican Charlie Crist still leads in the polls for the November 7th election. But political analysts say Democrats have gained because they’ve made hurricane insurance a central issue in their campaign.
Florida’s Democratic nominee for lieutenant governor swung through Fort Myers Thursday to talk about hurricane insurance reforms. Daryl Jones has criss-crossed the state since Tuesday when his running mate, Jim Davis, unveiled a series of proposals they claim will cut insurance premiums by 40-percent. Jones says their plan is the right one to deal with the state’s insurance crisis.
“We’re also going to require that hurricane insurance executives sign statements under oath when they apply for increases in their rates. We’re not going to allow insurance companies to increase their rates without state approval first. Right now they can increase their rates up to ten percent.”
Friday, 13 October 2006 01:00
Homeowners Insurance ProposalWritten by WGCU Newsroom