The study shows that the insurers of Florida have paid investors billions while demanding losses

Fort Myers, Fla. –

When the Florida insurance companies went bankrupt, the guidelines were dropped and homeowners were left empty-handed. A new report says that many of these companies earned billions.

The report dealt from 2017 to 2019 when the state's insurance market fell apart.

The news is to fill a dark shadow in Florida through house insurance. The report is referred to as a smoking weapon against the state's insurance industry and shows that companies have bled dry and could not pay any claims.

Doug Quinn is the executive director of the American Policy Association and said that the report is calling for a criminal investigation and a criminal implementation.

The APA is a group that examines insurance fraud and hands it over to prosecutors.

“They cry poverty and increase prices. They go under the people and let people, Florida insurance operators who turn in the wind without insurance, ”said Quinn.

He reacts to a report commissioned by the Florida Office of Insurance Regulations, in which the insurers are paid 680 million US dollars of dividends to shareholders while transferring billions more to connected companies.

Quinn replied “profit” when asked what a motive for companies would have been for companies.

“We call it the Florida model. This is really a winning scheme, ”said Quinn.

The author of the study said that companies paid so much money to the shareholders that they were too weak to pay out claims and let many policyholders high and dry.

Attorney John Morgan weighed himself up and expressed disgust about the report.

“A year ago I predicted that the municipalities would cover the Blue Tarp Desantisville the state because Desantis, Tom Leek and the rest of the legislation decided to paddle the pockets of the CEOs from insurance instead of protecting homeowners,” Morgan concluded that All homeowners in Florida who received homeowners were Blue Tarps.

The Citizens' Office for Insurance Regulation has downplayed the report: “The report does not clear where the capital was issued, or comes to the conclusion that all funds were profit. The report states that additional supervision was necessary. “

The existence of the report does not tell the entire history.

“If it only tells part of the story, it should have been part of the dialogue. It shouldn't have been hidden, ”said Quinn, after the media had requested this.

The state argues that it has pushed more supervision since the report. It insists that the market has improved with 10 new companies in Florida since 2022, although the tariffs are still high for most homeowners.