Gaetz smack down on prop insurance billby Dara Kam | March 22nd, 2011
Sen. Don Gaetz went after Gary Farmer during the trial lawyer’s appearance before the budget committee taking testimony on an omnibus property insurance bill.
Farmer spoke in support of Sen. Mike Fasano’s amendment that would require insurers to pay for replacement cost no matter how the property owner spends the money. Sometimes banks hold on to the funds without releasing them within 90 days, Farmer argued, setting Gaetz off.
Gaetz demanded the names of the banks and how often it happens.
“A lot of us sit on bank boards and know better,” Gaetz, R-Niceville, said.
A flustered Farmer who could not immediately provide the information, but Fasano was prepared.
He read from a constituent’s letter who could not get her mortgage holder to release funds for repairs she had on her home despite numerous attempts.
The amendment passed.
Tags: Mike Fasano