Insurance Business Magazine reports:
Florida CFO Jimmy Patronis has pledged to hold “Bud Light of insurance” Farmers Insurance accountable following the insurance company’s announcement that it will exit own-branded personal lines business in Florida.
“I’ve always said that when big decisions are made on insurance – the policyholder is rarely in the room – and unfortunately Farmers Insurance proved me right,” Patronis said. “I have asked my team to put their heads together in holding Farmers Insurance accountable to Florida policyholders.”
Patronis accused Farmers Insurance of “being bad at helping people [and] good at virtue signaling”, leveling one example of the insurer having become the first US-based insurer to sign up to the United Nations’ Principles for Sustainable Insurance.
Read the full article.
Patronis first appeared on JMG last summer when he ousted a pediatrician from a state board because she publicly supported COVID vaccinations. In September 2022, he threatened to ban major credit card companies from operating in Florida over the federal requirement to track gun purchases with a special category.
Florida’s CFO is threatening to investigate and even fine Farmers Insurance for pulling out of the state—which he insists is due to wokeness, not climate change. https://t.co/jJ70vTzwyF
— The New Republic (@newrepublic) July 14, 2023
.@WeAreFarmers is the Bud Light of insurance companies. There’s chaos in their C-suite. They drop Florida policyholders while virtue signaling over their love of the UN. Forgot who their customers are. Via @FoxBusiness https://t.co/1wd4wALjQe
— Jimmy Patronis (@JimmyPatronis) July 14, 2023