Governor Rick Scott won’t say whether he approves of the recent deal struck between state-run Citizens Property Insurance and Heritage Property and Casualty Insurance, a privately run St. Petersburg firm that began operations 9 months ago.
Citizens, in an effort to reduce risk and revive the insurance market, voted to hand over $52 million to Heritage, for nearly 60,000 policies, about $867 a piece, the Miami Herald reports.
The deal between Citizens and Heritage is unprecedented, but Scott who went through the budget with a fine-tooth comb, won’t comment on the deal. Why?
As it turns out, Heritage has provided significant campaign contributions to Scott and the Republican Party to the tune of $140,000, when the deal was being discussed earlier this year, the Miami Herald also reported. Scott, who has been quite critical of Citizens’ practices said, he had no influence on the deal.
You think?
