The terrifying thing about living in Florida is knowing that corruption is so blatant and out of control, yet no one is willing to do anything about it…/
From St. Pete Times:
TALLAHASSEE “” Two months after contributing $110,000 to Gov. Rick Scott’s re-election campaign, an upstart property insurance company is likely to reap a $52 million windfall, paid from the coffers of Citizens Property Insurance Corp.
Sitting on a record cash surplus of $6.4 billion, Citizens is hoping to sign a special deal today with Heritage Property and Casualty Insurance Co., a St. Petersburg firm that opened nine months ago and has made significant political contributions.
Heritage has donated more than $140,000 to Scott and the Republican Party of Florida in recent months, and spent tens of thousands more lobbying the Legislature. Now it’s in line to get special treatment from Florida’s state-run insurance firm in the form of an unusual and lucrative “reinsurance quota share” agreement.
ST PETE TIMES HERE
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