Whereas Jimmy Patronis and Governor DeSantis trumpet their newest emergency rule as client safety following the CBS 60 Minutes Expose famous in CBS 60 Minutes Exposes Alleged Insurance coverage Firm Fraud: Adjusters Reveal Altered Hurricane Harm Estimates by Claims Administration, the truth reveals a unique story. Governor DeSantis’s response to the CBS 60 Minutes exposé on insurance coverage fraud has been tellingly insufficient, demonstrating a transparent sample of prioritizing insurance coverage {industry} pursuits over policyholder safety. Fairly than counsel concern for Florida policyholders and confronting the scandal head-on, DeSantis has centered on touting catastrophe fund distributions and celebrating his “reforms” that really stripped policyholder rights. This superficial try at reform comes solely after CBS 60 Minutes uncovered widespread insurance coverage firm fraud, exhibiting how insurers systematically altered harm estimates to shortchange Florida policyholders.
Because the 2024 Presidential election concludes, one factor is for certain: Donald Trump accurately famous how Florida’s Republican politicians are in mattress with the insurance coverage {industry} and its lobbyists by noting:
‘[T]he worst Insurance coverage Rip-off in your complete Nation!…the most important insurance coverage firm BAILOUT to Globalist Insurance coverage Firms, IN HISTORY.’ Trump famous that the Insurance coverage Commissioner ‘does NOTHING, whereas Florida’s lives are ruined.’
Does DeSantis or Jimmy Patronis name out Trump for being mistaken or inaccurate? No! Trump has precisely mirrored what DeSantis and Patronis have been—pawns of the insurance coverage {industry}.
In a world the place Floridian policyholders need to know whom to belief, pay attention fastidiously to what Trump is saying and comply with the insurance coverage cash.
Following the Cash Path
The comfy relationship between Florida’s management and the insurance coverage {industry} is not possible to disregard. Insurance coverage {industry} staff contributed a staggering $3.9 million to DeSantis’s gubernatorial marketing campaign and political committee between 2018 and 2022. This monetary backing preceded laws that made it considerably more durable for policyholders to sue insurance coverage firms for wrongful practices, calling out insurance coverage claims executives who intentionally underpay or deny claims.
The Actual Affect on Policyholders
The December 2022 insurance coverage code rewrite, championed by DeSantis and Patronis, has devastated policyholder rights. As Amy Bach from United Policyholders notes, “It’s now economically absurdly dangerous for a client to file a lawsuit, and it’s going to be extremely exhausting to discover a good lawyer.” As a substitute, the brand new laws handed by DeSantis and Patronis appears to have the fox guarding the henhouse in Florida’s insurance coverage regulation. Fairly than permitting the victims to pursue civil treatments, the brand new legal guidelines have authorities bureaucrats attempting to do the identical. Wish to guess how profitable that will probably be? DeSantis, Patronis and the insurance coverage foyer know that reply.
A Name for Actual Reform
Florida’s policyholders deserve real advocates, not political theater designed to appease public outrage whereas sustaining insurance coverage firm earnings. The emergency rule represents too little, too late, and fails to deal with the elemental imbalance of energy between insurance coverage firms and their policyholders. Till Florida’s management prioritizes policyholder rights over insurance coverage {industry} earnings, owners will proceed to endure below a system rigged in opposition to them.
Patronis’ Harmful “No Contract” Rhetoric
In a very troubling improvement, CFO Jimmy Patronis’s latest recommendation telling policyholders to “signal no contracts” demonstrates both a basic misunderstanding of the claims course of or, extra probably, a deliberate try to drawback policyholders in favor of insurance coverage firms. Skilled help is usually essential for policyholders going through complicated insurance coverage claims. By discouraging contracts with licensed public adjusters and restoration contractors, Patronis successfully leaves susceptible owners to face refined insurance coverage firms alone. This creates an inherently unbalanced scenario the place insurance coverage firms maintain all of the playing cards.
Patronis’ recommendation is irresponsible and clearly sides with insurance coverage firm pursuits, maintaining policyholders uninformed and ignorant about their rights. There are lots of respected insurance coverage restoration contractors and licensed Florida public adjusters who can assist and make it possible for policyholders have their companies and houses shortly rebuilt and the total quantities of cash paid — cash that will probably be wrongly delayed if individuals comply with Patronis’ ignorant and insurance coverage industry-sponsored recommendation.
Patronis’s stance aligns completely with insurance coverage {industry} pursuits. By discouraging policyholders from securing skilled illustration, insurance coverage firms face much less scrutiny and resistance when undervaluing claims. This “useful recommendation” serves to take care of the facility imbalance that enables insurers to attenuate payouts whereas maximizing earnings.
The Actual Price to Owners
With out skilled illustration secured by correct contracts, many policyholders lack the experience to determine all coated damages. They’ll miss essential documentation necessities. They’ll settle for lowball settlements out of desperation. They’ll haven’t any refined advocate when claims are denied or delayed.
This misguided steerage from Florida’s CFO represents one more instance of state management prioritizing insurance coverage firm pursuits over the rights and wishes of Florida’s property house owners.
Be part of the Combat In opposition to Insurance coverage Business Abuse
The time has come for policyholders to take a united stand in opposition to the systematic exploitation by insurance coverage firms and their allies within the Florida authorities. The latest emergency rule in Florida, whereas masquerading as client safety, fails to deal with the elemental difficulty: Insurance coverage firms are systematically underpaying claims and getting away with it.
The Battle Strains Are Drawn
On one aspect stand the insurance coverage firms, backed by hundreds of thousands in marketing campaign contributions and guarded by politicians who serve their pursuits. On the opposite aspect are owners, households, and companies preventing for honest remedy and full compensation for his or her losses. The insurance coverage {industry} continues to control harm estimates, delay legit claims, disguise behind complicated coverage language accredited by insurance coverage regulators, and use political affect to keep away from accountability.
Be part of us on this essential battle for policyholder rights. We are able to expose the reality, demand justice, and be sure that insurance coverage firms fulfill their guarantees to policyholders. The time for motion is now. Sit up for seeing these in individual in opposition to the insurance coverage foyer in Tallahassee on these points subsequent Monday.
Thought For The Day
We’re not sticking up for small companies and people within the state of Florida, who’re being taken benefit of by plenty of these insurance coverage firms who usually are not doing proper by them.
—Senator Erin Grall