November 23, 2022
  • November 23, 2022

Florida CFO nominee talks about property insurance crisis

By on October 10, 2022 0

BAY COUNTY, Fla. (WMBB) — A political hopeful made a stopover in Panama City on Monday.

Democratic Florida chief financial officer candidate Adam Hattersley is frustrated with the current state of property insurance and its lack thereof in Florida.

“A lot of the problems we see in Florida stem from rules outside of insurance regulation, not necessarily the legislature,” Hattersley said. “And being the head of the Office of Insurance Regulation supposed to be the advocate for consumer insurance, supposed to be the advocate for people – the CFO was not involved in this special session.”

Several insurance companies left the state this year for various reasons, including fraud, litigation and bankruptcy.

Hattersley blamed his opponent, current chief financial officer Jimmy Patronis, for missing the special session on property insurance.

“He just abdicated his duty to the legislature,” Hattersley said. “You know the legislature has to fix some of the loopholes to come back and fix some of our legislative code, but they should take the initiative from the CFO because he’s supposed to be the expert, supposed to be the one protecting Floridians for help them solve this problem.

Hattersley accused Patronis of not doing enough to fix the problem. But Patronis said property insurance was a priority for him.

“If you make insurance so unaffordable that you can’t own a home, you can’t strengthen a community,” Patronis said. “The legislature sees this, the state sees this, the governor sees this, and I see this.”

Patronis denied Hattersley’s claims.

Patronis and Hattersley will face each other in the November 8 general election. The last day to register to vote is October 11.