Yesterday, we focused on the one statewide race we think will have the most immediate impact on the daily lives of Florida homeowners and businesses in this new era of runaway property insurance insurance rates. Today, we want to point out just which candidate the insurance industry is financing.
Alex Sink, the Democratic nominee for state CFO, has raised about $2.4 million. Of that sum, only $5,025 was donated by insurance industry companies -- and all but three of the companies listed have nothing obvious to do with hurricane or property insurance.
By contrast, the Republican candidate Tom Lee has over $3 million in the bank. This election cycle, $58,500 came directly from insurance industry execs. That's more than ten times the amount insurance executives gave his opponent, Alex Sink.
When the time comes for the newly elected CFO of Florida to propose storm insurance reforms, what do you suppose those oh-so-generous insurance companies expect to get from Tom Lee, the candidate they're backing?
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