Florida Chief Financial Officer Jimmy Patronis is hosting a roundtable discussion Thursday morning centered around the state’s home insurance crisis.
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Patronis is joined by state legislators, industry leaders, regulators and other stakeholders.
WPTV’s Matt Sczesny, who has been extensively covering the crisis, is also in attendance.
Patronis’ office is calling the discussion a “putting policyholders first insurance roundtable.”
Patronis said he feels the state is “morally obligated” to help homeowners through an infusion of money into the My Safe Florida Home program.
“With Hurricane Ian, people don’t realize, the state actually made money,” Patronis said. “It’s crazy. The state makes money off of hurricanes.”
Among those who spoke were Mike Yarowsky, commissioner for the Office of Insurance Regulation.
Tim Cerio, president and CEO of Citizens Property Insurance, said that “litigation almost buried the Florida property insurance market.”
“There is more litigation pending from (Hurricane) Ian for Citizens in Miami-Dade County than in Charlotte, Lee and Collier combined,” Cerio said. “That makes absolutely no sense.”