Scott: Last-resort insurer Citizens is ‘woefully underfunded’ [The Palm Beach Post, Fla.]
By Charles Elmore, The Palm Beach Post, Fla. | |
McClatchy-Tribune Information Services |
"Today, Citizens has a little over
But Citizens's own records show it has
"The good news, if we have an Andrew, we do not think we have any emergency assessments or any post-event bonding needs," Citizens chief financial officer
With a seventh straight hurricane season ending without a major
Scott's office had no immediate comment after
But Scott's remarks were received with a standing ovation at the
Panels of industry officials and legislators over three days identified one of their major challenges as educating people about the risks of assessments to all
Taking those steps may raise rates and affect the state's economy and housing industry, but "people should live in homes they can afford," said state Sen.
"You are all really bad guys according to the polls," said
Scott's poll numbers are still on the negative side but getting a little better -- 41 percent from 30 percent more than a year ago, according to data cited by the chamber.
Scott has struck a more conciliatory tone on health care in the wake of
He congratulated the sponsors of legislation to reform personal injury protection car insurance, without commenting on data showing insurers were on average failing to meet a targeted 10 percent rate reduction
But on Citizens, the rhetoric hasn't mellowed.
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