Monday, May 27, 2013

Heritage Deal Hurting Rick Scott

The Republican Party of Florida is playing defense on the deal Citizens Property Insurance Corp. made with Heritage Property and Casualty Insurance Co. Heritage is set to make $52 million from taking 60,000 policies from Citizens. Many people feel that Heritage attaining the policies is quid pro quo from Gov. Rick Scott. Heritage has donated $110,000 to Scott's re-election campaign.Tampa Bay Times columnist John Romano noted Heritage is an insurance company with a dubious track record.

It had to be Heritage's long and distinguished record of service (Nine months and counting!) and the president's intimate familiarity with insurance regulators (Numerous complaints and fines at two previous companies!) that made Heritage more desirable than any other outfit.

The Republican Party of Florida have been playing defense on the Heritage deal. However, even Florida House Speaker Will Weatherford isn't going to defend this Turkey.

"I have serious concerns about the latest takeout agreement between Citizens and the Heritage Property and Casualty Insurance Company, particularly the lengthy backdated payments for coverage that Heritage did not provide," Weatherford said in a statment. "Once again, Citizens did not provide a sufficient advanced briefing to the Legislature, and the proposal was hastily pushed through a sharply divided board."

Scott can't help himself. His crony capitalist side rules his dark heart.

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