main menu page title feature menus content footer
My Florida C F O

CFO's Initiatives

Stay Connected

Follow the
Department of
Financial Services

Sign up for the CFO's
newsletter!

Press Release

News   RSS RSS   Press Office   Archive

CFO Jimmy Patronis applauds Governor DeSantis for Signing Bill Relieving Rising Insurance Rates

5/22/2022

For Immediate Release: Friday, May 20, 2022
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842
 
CFO Jimmy Patronis applauds Governor DeSantis for Signing Bill Relieving Rising Insurance Rates
 

TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued the following statement on Governor DeSantis signing Senate Bill 1058 that provides Florida Hurricane Catastrophe Fund coverage for private market insurers who take on certain policies and limits the growth of policies covered by Citizens Property Insurance Corporation.
 
CFO Jimmy Patronis
said, “Thank you to Governor DeSantis for your leadership and for signing this important bill that will work to reduce the cost of insurance for Florida consumers. It is essential to make sure Floridians are insured. This legislation will increase the opportunity for private insurers to take on more customers and decrease the pressure on Florida’s state insurance option. Thank you to Senator Hutson and Representative Stevenson for your hard work in passing this bill through the Florida Legislature. As Florida’s Chief Financial Officer, I am pleased to see Senate Bill 1058 cross the finish line and hopefully provide some much-needed relief for Florida insurance companies and for Florida consumers.”
 
Senator Travis Hutson said, “Thank you for CFO Jimmy Patronis for your support of this good bill during the 2022 Legislative Session and to Governor DeSantis for signing it into law. Any opportunity to reduce the financial burden on Floridians is an opportunity to be seized.”
 
Representative Cyndi Stevenson said, “Thank you, CFO Patronis, for your support of this money saving legislation through the Florida House and onto the Governor’s desk. This bill is a step in the right direction for keeping insurance in Florida affordable and readily available.”

###
 
About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).