The Man With No Clue

[Howey]

Hidden agendas just aren't that hidden anymore, huh Idiot?

Gov. Rick Scott has secretly pushed to kill Citizens Property Insurance before his first term ends, a goal that alarmed even representatives of private insurance companies seeking to remove Citizens as a competitor, documents show.
 
In a February meeting with the industry lobbyists writing bills for the upcoming legislative session, documents show Gov. Scott's top staff sought to force the 1.3 million property owners who now have a policy from the state-run carrier back into the private market, "phasing out Citizens completely."

The industry lobbyists protested that Florida carriers could not absorb all of Citizens' business, records show. The gap would force many Florida property owners to turn to the unregulated surplus lines market, where rates are unchecked and policies are not backed by a state guarantee fund.

A lobbyist who attended the meeting advised others by email that Gov. Scott knew about the gap, but was not bothered.

"He doesn't seem to care whether they are insured in the voluntary market or surplus lines," the lobbyist wrote.

The concept of shutting down Florida's largest and, at the moment, best-capitalized insurance company outraged lawmakers whose constituents rely on the public company.

"He's clueless. The governor is clueless as to what is happening throughout the state, and the burden on homeowners and condominium owners and business owners," said Sen. Mike Fasano, a New Port Richey Republican who opposes most of the insurance legislation offered by the industry this year.

[blindboytwitch]

I would like to diplomatically say that Rick Scott is a fucking moron.  The only people he has "put to work' are others cleaning up his fucking mess of gutting core educational, police and fire, and support services. 

We can only hope that hurricane season isn't as bad as they say it's going to be so that we don't all have to learn the really, really hard way what an incredible buffoon he is.

[Howey]

I would like to diplomatically say that Rick Scott is a fucking moron.  The only people he has "put to work' are others cleaning up his fucking mess of gutting core educational, police and fire, and support services. 

We can only hope that hurricane season isn't as bad as they say it's going to be so that we don't all have to learn the really, really hard way what an incredible buffoon he is.

You will soon see that our very own Scott supporter lilMike is in favor of gutting Citizen's.

 

[lil mike]

You will soon see that our very own Scott supporter lilMike is in favor of gutting Citizen's.

 

Not gutting it, but cutting it back to size.  I don't see how, from where we are at, you can get rid of it, but you are going to have to figure out how to capitalize it.  Right now, it's a fucking disaster.  The next hurricaine could bankrupt the state because we wouldn't be able to pay claims. 

This is, in my opinion, the most important issue currently facing the state, how to deal with citizen's property.

[Howey]

Not gutting it, but cutting it back to size.  I don't see how, from where we are at, you can get rid of it, but you are going to have to figure out how to capitalize it.  Right now, it's a fucking disaster.  The next hurricaine could bankrupt the state because we wouldn't be able to pay claims. 

This is, in my opinion, the most important issue currently facing the state, how to deal with citizen's property.

This is an interesting blog on the subject...

But Citizens isn't totally in dire straits. The insurer should have nearly $3.9 billion in cash in the bank by the end of the year, says Binnun.

Add in a guarantee from the State of Florida to buy $750 million of Citizens bonds, a bank credit line and proceeds from municipal bonds it has already sold and the total of available funds comes to $6.9 billion.

I think it's time we stopped the bullshit that Citizens is evil. People are having to insure with Citizens because everyone else cancelled them afraid they might have to pay out a claim!

Here's an idea...Let's cap the property value limit of anyone buying Citizen's to say.... $1 million? Hell, if you can afford a million dollar home, you can find insurance.

Let it (Citizen's) be there for those who need it.

[Howey]

I would like to diplomatically say that Rick Scott is a fucking moron.  The only people he has "put to work' are others cleaning up his fucking mess of gutting core educational, police and fire, and support services. 

We can only hope that hurricane season isn't as bad as they say it's going to be so that we don't all have to learn the really, really hard way what an incredible buffoon he is.

I love this post...

I'm also going to love it when our fucking Republican State House and Senate get off their collective asses and actually pass a bill allowing for his recall and ouster. Sooner the better!

Gotta love that Voter's Remorse!

[lil mike]

This is an interesting blog on the subject...

I think it's time we stopped the bullshit that Citizens is evil. People are having to insure with Citizens because everyone else cancelled them afraid they might have to pay out a claim!

Here's an idea...Let's cap the property value limit of anyone buying Citizen's to say.... $1 million? Hell, if you can afford a million dollar home, you can find insurance.

Let it (Citizen's) be there for those who need it.

Evil?

It's not a moral issue.  It's a capitalization issue.  I don't think your blog buddy is counting the cost of the reinsurance.  Instead he's counting that twice and just adding the 9.8 billion reinsurance amount.

Of course, he's exactly the type of guy who probably has a million dollar home and is skating by with the state subsidizing his home insurance.

[Howey]

Evil?

It's not a moral issue.  It's a capitalization issue.  I don't think your blog buddy is counting the cost of the reinsurance.  Instead he's counting that twice and just adding the 9.8 billion reinsurance amount.

Of course, he's exactly the type of guy who probably has a million dollar home and is skating by with the state subsidizing his home insurance.

So you agree with my plan!

[lil mike]

So you agree with my plan!

I might, if you run the numbers and let me know if Citizen's Property is stronger financially without the million dollar homes being insured by them.

But on an emotional level I hate the idea of the rich being subsidized  by this sort of government program.  Citizen's Property wasn't created to provide insurance for everyone on the coasts.  The idea that Crist created this situation irritates me, but now you have very rich people who's insurance, like your blog buddy, is being subsidized by the State, and he wants to continue it.