Florida Insurer of last resort Citizens admits its actuaries can’t even estimate there travel expenses correctly
They admit to being off by 50% or 100% over actual expenses! Yet we are supposed to believe them when they say they need to raise rates when these same actuaries crunch the numbers and say they still need the surcharges on all insurance policies. We are supposed to Believe Rick Scott and his cronies when they say they need more reserves.
Why do they need more reserves? Well it is perfectly clear why they need more reserves. The people in charge want to eat 5 star meals and travel first or business class. One has to wonder how much of the Million Dollars of our money that they have spent on travel would have been spent if they were required to travel tourist class internationally and super saver middle seat when traveling in the USA.
Hell we even pay for limo service when they are at their Tampa office. We pay for luxury car lease for them and $250.00 bottles of wine. Why do they allow this? Well they republicans in charge think they are entitled to feeding on the public’s money with 5 star dining and 4 or 5 star luxury hotels. Hell we even paid $5000.00 for a weekend trip to the islands 5 star first class for a Monday meeting that could have been done via Skype for free.
Great work abusing the public trust. Why is our attorney general not doing something about this? Because she travels first class as well. We actually pay for her travel between her home and the office at the capital. Great work violating the public’s trust.