Citizens Insurance May Be Changed By Legislature

TALLAHASSEE, Fla. (CBSMiami) – Citizens Property Insurance, which is backed by the state of Florida, has become the lifeline for property insurance in the state and the target of Governor Rick Scott.

In the upcoming legislative session, Citizens will likely once again take center stage as different aspects of the insurer will be discussed by legislators.

Under a plan approved in December, Citizens will have the power to raise its rates more quickly and would allow the insurer to charge more to policy owners in higher risk areas of the state, like along the beach.

Scott has made it no secret that he would prefer that the state not be involved in the insurance business and instead have citizens buy private insurance.

Scott argues that by separating Citizens from the state would help taxpayers not be at risk in the event of a catastrophic hurricane.

The problem with Scott’s plan is that for most South Florida homeowners, Citizens is the only insurance they can afford and still make their mortgage payments.

Citizens currently has around 1.5 million policy holders in the state of Florida.

Comments

One Comment

  1. KENNETH KARGER says:

    CORRUPT BILLIONAIRE FLORIDA GOVERNOR RICK SCOTT: DON’T TOUCH CITIZEN’S INSURANCE. THE PEOPLE CANNOT AFFORD YOUR DRACONIAN MEASURES. LIVE RENT FREE FOR FOUR YEARS AT THE GOVERNOR’S MANSION IN TALLAHASSEE AND THEN GET THE HELL OUT.

    KEN KARGER
    MIAMI, FLORIDA

  2. mido says:

    which mean more foreclosure. GOP idea

  3. JoeSr says:

    Scott is an out of touch fool. He doesn’t know that Citizens is the ONLY choice for many homeowners? How anybody voted for this idiot is beyond me. How uninformed and stupid can he get?

  4. Booger says:

    Insurance. Ha. Another scam… you KNOW they won’t pay, on some specious excuse. If you get ‘whacked’, then ‘stuck’ by these folk… simply walk away. Let ‘the bank’ deal with it and clean up the mess. Make your own rules… play by theirs, you’re chopped liver. [Oops! There’s my ‘attitude’, again!]

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

Adopt-A-Family For The Holidays
Precious Pets

Listen Live