November 5, 2022
1,706
47
21
3.99%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
2:07Now PlayingWhen Hurricane Ian slammed into southwestern Florida, its beleaguered home-insurance market didn’t seem to stand a chance.
Efforts to repair the system by Ron DeSantis -- the Republican governor expected to make a presidential run -- had floundered, with the market still beset by scams, expensive insurance policies and a retreat by the largest firms. Average homeowner premiums in the state surged 33% from last year to $4,231, nearly triple the national average. At least a half-dozen insurers that do business in Florida have been declared insolvent already this year, with Ian threatening to push more over the brink.
As the storm wreckage is cleared, policyholders are scrambling to collect on claims, while DeSantis and the statehouse rush to address the crisis. A special session will consider providing tax relief to those whose properties were destroyed by the hurricane and potentially to implement further reforms.
DeSantis’s handling of the insurance crisis provides easy fodder for political opponents, who say he focused too much on culture-war issues, including a state law critics have dubbed “Don’t Say Gay” that limits instruction about gender identity and sexual orientation in kindergarten through third grade. Yet it’s unclear whether the criticism is sticking with many voters as the Nov. 8 gubernatorial contest approaches. Polls show DeSantis with a wide lead over Charlie Crist, a Democrat.
“I don’t think between now and Election Day, it’s going to make any difference. It’s a complicated issue,” said Brad Coker, managing director of consulting firm Mason-Dixon Polling and Strategy, referring to the insurance crisis. “You can run off a litany of issues that people kind of know there’s this side and there’s that side. Insurance, it’s not the same.”
Subscribe to our YouTube channel
Subscribe to our newest channel Quicktake Explained
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.