Florida Gov. Rick Scott says there is no plan to eliminate the state-backed Citizens Property Insurance Corp.
Scott said last month that the only plan he has ever had for Citizens is one he put out during his successful gubernatorial campaign last year. Scott said then he would work with the Legislature to eliminate the government-run program’s reliance on assessments and ensure that it operates on actuarially sound rates.
Scott reiterated that that has always been the plan and he’s sticking to it.
Citizens is Florida’s largest property insurer with some 1.3 million policies in force. If the company would be unable to pay claims following a major hurricane or series of storms, Florida residents who have insurance on their homes, business or cars would be assessed to make up the difference.