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CFO Patronis Applauds Legislature for Passing Measures to Rein in Insurance Rates & Harden Florida Homes

5/26/2022

For Immediate Release: Wednesday, May 25, 2022
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842
 
CFO Patronis Applauds Legislature for Passing Measures to Rein in Insurance Rates & Harden Florida Homes
 
TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis released the following statement at the conclusion of the special session and the passage of legislation to rein in insurance rates and aid Floridians in hardening their homes against storms.
CFO Jimmy Patronis said, “Mother Nature loves paradise and unfortunately that means it’s not if, but when, a storm will hit our state. Thankfully we have a strong Governor and a citizen-led legislature that understands our state’s unique challenges and looks out for every Floridian. I’m grateful that Governor DeSantis called lawmakers to convene this week to pass legislation that will help rein in insurance rates, provide premium savings to Floridians, and aid in hardening homes against storms. I remain committed to fighting insurance fraud and bolstering our investigative services to further support our efforts to protect consumers.
 
“My office also looks forward to establishing the My Safe Florida Home Program as quickly and efficiently as possible to allow homeowners to start hardening their homes. This additional $150 million will supercharge my $462 million Home Hardening tax savings initiative signed by Governor DeSantis. That’s over $612 million in consumer relief that will work to rein in rates. Thank you to the Legislature for passing this historic amount of savings for Florida consumers to allow them to protect their biggest investment – their homes.”
 
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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).