Statement From Thomas C. Feeney, III, President & Chief Executive Officer, Associated Industries of Florida Regarding Insurance Reform
Contact: Jamie Mongiovi
Thomas C. Feeney, III, President & Chief Executive Officer, Associated Industries of Florida
Tallahassee, Fla. – “On behalf of Associated Industries of Florida, I applaud the Florida House Insurance & Banking Subcommittee Chair Bryan Nelson, Vice Chair Bill Hager and their committee members for their commitment to protecting Florida’s taxpayers by taking a stand to reform Citizens Property Insurance Corp. and Florida’s Hurricane Catastrophe Fund. Our legislative leaders are taking the necessary steps to shield our residents, businesses, renters and charitable organizations who subsidize the cost and will shoulder the burden of increased hurricane taxes in the form of assessments from the inevitable next storm.
“Florida has had seven years of luck, but we can no longer substitute wishful thinking for fiscal responsibility and wise governance. It is imperative that we act now to reform both of these underfunded state-backed programs. Returning Citizens to its original role as an insurer of last resort and right-sizing the Cat Fund so that it can safely meet its obligations will ensure that Florida recovers rather than suffers after a hurricane. I thank Chair Nelson, Vice Chair Hager and our legislative leaders for working to resolve these issues and deliver every Floridian a hurricane tax cut.”