Florida regulators issue subpoenas to insurance industry critic

[Zorro]

Florida regulators issued subpoenas to a Palm Beach Gardens-based ratings agency last month to force it to justify its “dire predictions” for the state’s insurance market.

Weiss Ratings founder Martin Weiss wrote in October that homeowners insurers are “on the brink of a collapse” and that homeowners are at a “high risk” of not being paid for their claims related to hurricanes Helene and Milton.

The Office of Insurance Regulation demanded that Weiss and his company turn over any emails, text messages and other records that back up those statements by Nov. 30.

“We take our responsibility to protect consumers very seriously, and we will not ignore any potential warning signs,” the cover letter from Deputy Commissioner Sheryl Parker states.

https://www.tampabay.com/news/florida-politics/2024/11/22/florida-insurance-weiss-ratings-citizens-subpoena-state-farm/

State bullying tactics against a vocal critic. If Weiss testifies I wonder if it will be public or behind closed doors.

[Hugin]

1. State sponsored sealioning.

You see something new every day. Interesting times here in Texlabamastan. I think we should have gone with the happy-happy-joy-joy.

[Zorro]

2. According to Florida CFO Jimmy Patronis

too much "wokeness" is the main problem with Florida insurance companies, and that's why there's a stampede to exit out of the state market.

[DFW]

3. Gradually deteriorating into the Soviet States of America

Free speech is protected as long as we allow it.