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. Â 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. Â Scott, who has been quite critical of Citizens’ practices said, he had no influence on the deal.
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