Florida Deserves the Truth: Exposing Insurance Industry Greed Through Transparency and Accountability
Floridians are paying more than ever for insurance, yet receiving less protection in return. Whether it is property, auto, or health coverage, the story is the same — rising premiums, shrinking coverage, and corporate executives getting rich while working families get left behind. Meanwhile, insurers hide behind complex financial structures and shell companies to avoid scrutiny. The system is broken, and the people of Florida deserve better. As a candidate for Chief Financial Officer, I will use the power of the office to advocate for the Florida Insurance Corporate Transparency Act, a policy designed to hold insurance companies accountable and bring their financial dealings into the light. While the CFO does not have the authority to introduce legislation directly, I will work closely with legislative leaders, consumer advocates, and regulators to draft and support this critical reform from day one.
The goal is simple: if you are an insurance company profiting from Florida premiums, then you must disclose how that money is being used. Every insurer and each of its subsidiaries operating in this state would be required to file a complete financial ledger with the Department of Financial Services. That includes how much premium was collected, how much was paid out in claims, how much was spent on executive compensation, and how much was transferred to affiliated companies. These records would be made public on the DFS website in full detail — no redactions, no vague summaries, and no delays.
For too long, insurers have used accounting tricks to justify rate increases while concealing the true flow of money. This has created a system where the public is kept in the dark while profits are quietly extracted and losses are exaggerated. Floridians deserve transparency, and I will not stand by while this behavior continues unchecked. The Florida Insurance Corporate Transparency Act would also come with real consequences. If an insurer fails to comply, they would be barred from submitting rate increase requests or writing new policies in this state until they do. Repeated violations would trigger financial penalties and open the door to further regulatory action. Knowingly submitting false information would be considered a felony. This is about protecting the public trust and enforcing a higher standard of accountability for companies that operate under the privilege of serving Florida’s consumers.
My role as CFO will be to ensure that the Department of Financial Services becomes a force for consumer protection, not a rubber stamp for corporate greed. That means using every tool available to push for reforms like this and refusing to be silent while families continue to suffer under the weight of a corrupt and unbalanced system. The insurance lobby may have deep pockets, but they will not be able to buy its way out of transparency. Not under my watch. When I take office, I will walk into Tallahassee with a detailed policy agenda, ready to work with lawmakers who are serious about fixing this system and restoring fairness to Florida’s insurance market.
The people of this state are not asking for special treatment — they are asking for honesty, for stability, and for leaders who are willing to fight for them. I am ready to be that leader. Together, we will bring accountability back to Tallahassee and give Floridians the insurance system they deserve.
