Statement by Tom Feeney, President and CEO, Associated Industries of Florida Regarding Introduction of Property Insurance Reform Legislation
CONTACT: Jennifer Fennell
Tom Feeney, President and CEO, Associated Industries of Florida Regarding Introduction of Property Insurance Reform Legislation
“More than 77 percent of homeowners, together with businesses, churches, nonprofits and local governments, will be the ones to foot most of the bill for Citizens policyholders’ claims should a major storm or series of storms hit the state. Meanwhile, these same Citizens policyholders continue to pay below market rates with the expectation that the rest of us will bail them out after a storm. It is a broken, unfair system that ultimately cannot sustain itself or adequately protect our state and its citizens.
Associated Industries of Florida (AIF) has been a longstanding, vocal proponent of reform to Citizens Property Insurance and the Florida Hurricane Catastrophe Fund because we must reduce our risk. AIF has been working closely with Sen. Alan Hays (R-Umatilla) and Rep. Bill Hager (R-Boca Raton) to craft legislation that will offer a stair-step approach to instituting much needed change. We appreciate their leadership on this critical issue and thank them for their sponsorship of SB 1262 and HB 1107.
Property insurance reform is a top priority for AIF. We fully support Sen. Hays’ and Rep. Hager’s efforts and will work to help them get this important legislation passed. On behalf of our members and employers across the state, we ask members of the Legislature to vote in favor of these good bills. It’s the right thing to do for Floridians, for Florida businesses and for our state.”