TALHASSEE, Fla. (WFLA) — Democrats at the Florida State Capitol are asking Gov. Ron DeSantis and the House Speaker to investigate further Florida insurance companies.
The call follows a report revealing that the company claims bankruptcy while paying bonuses to executives.
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“Last week, on behalf of the Caucus, I issued a letter encouraging him to ask him outright, ensuring that the house uses the power of a subpoena to get to the bottom of what’s going on with these real estate companies.”
Many people found this report shocking. It claims that insurance providers misconsulate lawmakers to believe they are in financial distress. However, the survey also found that these companies were paying profits to affiliate marketing.
Now more Florida voices are falling into this so-called “secret research.”
First, House Democrats called on Gov. Ron DeSantis and the House Speaker. A week later, House Speaker Danny Perez, R-Miami, is calling on insurers to hide their profits using “accounting tricks.”
“I asked the Insurance and Banking Subcommittee to hold a hearing, and they have access to all the tools, including issuing subpoena, taking witness oaths and hiring external experts,” Perez said.
Perez had advised the Insurance and Banking Subcommittee to do deeper dives.
“They will have the ability to look into that research and further explore the questions they think can make the insurance market better,” Perez said.
The study points to an insurance company that was recently discovered by the Tampa Bay Times and claims it broke while moving money.
Perez responded to a letter from minority leader Fentris Driskel and called for action. However, Desantis did not respond directly to the phone, but instead responded to the reporter’s questions at a press conference on the first day of the session.
“If there’s anything we need to make sure we’re expanding transparency and the right width, then I’ve all supported, opening the floodgates for lawsuits,” DeSantis said.
The governor may be wary of this and act cautiously, but House Speaker Perez is fully on board.
“It seems like there’s bipartisan support for this. Let’s look into these companies and see what happened,” Driskel said.
Chief Financial Officer Jimmy Patronis suggests there may be changes to policy that are coming up.
“We appreciate the concerns that Florida House leaders want to incorporate this issue and transparency, and we think transparency is the most important thing, there’s nothing to hide, and we don’t have to worry about it,” Patronis said.
