MY PROMISE TO FLORIDIANS
PILLAR I — Property Insurance Reform.
Trained for 17 years by the Allstate executives management
Homes Before Profits
Florida’s insurance system is broken.
Premiums are skyrocketing.
Claims are delayed or denied.
Families are being priced out of homes they already own.
Hurricane risk has become the most expensive part of coverage — and everyday homeowners are paying the price.
When regulators aren’t accountable and risk isn’t structured properly, the dollar replaces responsibility.
That ends here.
For forty years, I have worked inside Florida’s insurance system and I know exactly where it broke and now I will fix it.
Correcting the structure of Florida’s insurance market
The Florida Homeowners Insurance
Stabilization Plan
Hurricane-Only Coverage Model
Florida already operates state-backed storm protection funds.
The problem: Hurricane risk drives most premium increases.
The solution:
- The State offers hurricane-only insurance through Citizens Property Insurance Corporation
- Covers the first $500,000 of hurricane damage per home
- Backed by approximately $5 billion in existing FHCF reserve capacity
- Combined with reinsurance, no new taxes
- Reinstate the elected Insurance Commissioner through a constitutional amendment. The elected Insurance Commissioner will represent the people and not special interests
Why Frank Russo is Qualified
No other candidate in this race has built a career inside Florida’s insurance system.
- 40 years in the insurance industry
- Trained for 17 years by the Allstate executives management and witnessed the non renewal of home owner policies due to hurricane Andrew and why we cannot insure against mother nature.
- Designed, priced, and managed risk at scale
- Built and led insurance agencies serving thousands of Florida families
He understands how risk is structured, where the breakdown occurred and he knows how to correct it.
This is experience not political rhetoric.
