The governor has overseen a dramatic rise in home insurance premiums and legislative giveaways to insurance companies.
FLORIDA GOV. RON DESANTIS and his political action committee have received millions of dollars from insurance stakeholders as he has overseen massive giveaways to the insurance industry, according to a new
report. Florida homeowners, meanwhile, face ballooning insurance prices and are under increasing economic strain in one of the states hardest hit by climate change.
The governor’s committee and the Friends of Ron DeSantis PAC raked in $3.9 million from the insurance industry since its formation in 2018, according to a report released Wednesday by Hedge Clippers, a campaign organized by the Center for Popular Democracy, “including more than $150,000 in one day from dozens of State Farm agents.” The governor’s inaugural fund was also backed by a combined $125,000 from two property casualty insurers, People’s Trust Insurance and a subsidiary of Heritage Insurance.
“DeSantis is not only failing to hold the insurance industry accountable,” reads the report. “Critically, he is failing to bring down rates for Florida homeowners.” The American Federation of Teachers and Florida Rising, a grassroots voting rights and organizing group, also contributed to the report, titled “How Ron DeSantis Sold Out Florida Homeowners.”
Under DeSantis’s watch, home insurance premiums have risen from $1,988 to $4,231 on average, putting Floridians under financial strain to pay for insurance that sits at nearly three times the national average.
And this year, home insurance premiums are expected to increase another 40 percent, an issue that former President Donald Trump has hammered DeSantis over as the governor weighs a challenge to Trump in the GOP presidential primary.
“Ron DeSanctimonious is delivering the biggest insurance company BAILOUT to Globalist Insurance Companies, IN HISTORY,” Trump wrote on his social media platform Truth Social in March.
These increases come as DeSantis has rubber-stamped policies accelerating insurance company profits at direct cost to homeowners and Florida taxpayers broadly.