Rick Scott denounces Florida insurance 'disaster'
Florida’s former Governor didn’t hold back when asked about the latest “disaster” in the state’s troubled property insurance market.
U.S. Sen. Rick Scott said the departure of Farmers Insurance was a “wake-up call” to the state.
“Stop and think about it, here’s what happens for a company like Farmers to leave,” Scott said during a press conference. “They’ve spent years and decades to build up that clientele and just walk away. So this is a wake-up call to the state.”
The departure of Farmers comes after seven other insurers went insolvent in the last year, and is an indication to many homeowners and observers that the state’s insurance market is in crisis.
Scott is urging talks with companie...
