Patronis vows probe of Farmers for dumping 100,000 policyholders [Orlando Sentinel]
In a scathing news release Tuesday night, Patronis laid blame on executives that he said care more about “woke” policies and “virtue signaling” than acting in the best interest of its customers.
“I sincerely believe that with today’s actions,
Patronis also said he has directed the
In a notice delivered to the
Patronis accused the company of failing to communicate its intentions, even though it filed a notice with the insurance office, which answers to Patronis, and discussed it with officials there.
“After every thing the
Patronis, who also sided with Gov.
OIR Commissioner
“While the office recognizes companies need to make operational changes to books of business, OIR always appreciates the opportunity to discuss these complex issues prior to receiving notifications of this nature,” Yaworski wrote.
He said he was concerned about the potential cascading impacts for policyholders and wanted to make sure
“Moving forward, we hope Farmers takes these concerns into consideration and understands the need to better serve Florida’s policyholders,” he said. “We expect continuous communication going forward.”
Farmers told the state on Monday it was committed to helping find new carriers for the policyholders it won’t be renewing.
The company did not respond to requests for comment Wednesday.
Patronis didn’t address why he chose for the first time to call out a specific insurance company for dropping customers. At least 10 companies have departed
Last year,
“It’s really important we start by asking ourselves why the reforms that have passed are not enough for Farmers to be willing to stay,” said Rep.
But after giving the insurance industry a wish list of items it had been lobbying for years, including restrictions on suing them and
Cassel said that litigation isn’t the number one problem, as
“The reality is they made reinsurance more expensive,” Cassell said. “Keeping policyholders from going to court and giving insurers everything on their wish list doesn’t work.”
She also scoffed at Patronis for threatening Farmers.
“Now they want to blame everything on ESG and wokeness, and blame them for being a poorly run company,” Cassel said. “If that is true, they [government regulators] should have known that.”
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