Seeking Rents
Seeking Rents – The Podcast
Gov. DeSanta Claus delivers a Christmas gift to the insurance industry
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Gov. DeSanta Claus delivers a Christmas gift to the insurance industry

Florida Gov. Ron DeSantis just bet that higher prices and weaker consumer protections can save a collapsing market for home insurance in his state.

In this episode: Gov. Ron DeSantis just signed a draconian rewrite of Florida’s property insurance laws that will give homeowners less time to file claims, make it harder to sue companies that won’t pay those claims, and force hundreds of thousands of Floridians to pay higher prices. It’s bitter medicine that the governor says is necessary to save his state’s ailing insurance market. It’s also the biggest bet of DeSantis’ career.

Further reading:

  • Tampa Bay Times: Will rates go down? Answering questions from Florida’s insurance session

  • Orlando Sentinel: DeSantis defends property insurance bill, signs it into law

  • Insurance Journal: Florida Bills Offer Broad Attack on Insurance Costs: Legal Fees, AOBs, Reinsurance

  • Tampa Bay Times: When Florida’s property insurers fail, few ask why

  • Tampa Bay Times: Florida insurance company execs saw big payouts in years without hurricanes

  • Seeking Rents: Ron DeSantis could have made lawmakers reduce insurance rates by $150 a year. He was attacking immigrants instead.

  • Seeking Rents: Florida won't stop rising insurance rates without combating climate change

Contact: Garcia.JasonR@gmail.com

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Seeking Rents
Seeking Rents – The Podcast
"Rent-seeking" is a term in economics that describes when a corporation uses its political influence to twist tax laws and other public policy in its favor. Seeking Rents – The Podcast brings you the stories of how that's happening in Florida, where corporate interests like Florida Power & Light, Big Sugar, and Walt Disney World wield enormous influence everywhere from local city halls to the state Capitol. Hosted by award-winning journalist Jason Garcia, Florida's leading corporate-accountability reporter.