Scott’s 777 Plan & Citizens Outsourcing

Let’s face it, Citizens is not only a major employer, it is a major player in Florida’s insurance market and therefore is ripe for review as we look for more private sector jobs. Governor Scott’s 777 Plan features 7 steps  to achieve 700,000 jobs over 7 years and cites the following:

“Government run wind insurance has driven private insurers out of the market and will result in an enormous tax increase or auto insurance rate increases if we get hit with a major hurricane or a number of costly hurricanes.”

Insurance is a “clean” industry that doesn’t pollute the atmosphere or consume Florida’s natural resources. Yet, it is a major contributor to Florida’s economy. The latest annual report of the state Office of Insurance Regulation (OIR),  contains the following : [Read more…]