What Russo’s proposal accommodates
The centerpiece is the proposed Florida Catastrophic Hurricane and Wind Safety Program, designed to perform as a standalone hurricane and wind coverage fairly than a multiperil owners substitute. Householders would possible nonetheless want separate protection for fireplace, theft and different non-catastrophe perils. The marketing campaign stated the mannequin might cut back premiums by as a lot as 50% for a lot of owners, a determine it acknowledged could be topic to actuarial validation. Russo’s platform additionally features a Florida House owner Invoice of Rights, expanded transparency via public actuarial research, monetary reporting and a statewide reform dashboard, mitigation grants and home-hardening incentives, and a constitutional modification to reinstate an elected insurance coverage commissioner – a place that has been a gubernatorial appointee since 2002. Russo stated property insurance coverage reform could be a first-100-days precedence if elected.
