Daniel Ruth column: Government works fast when it really wants to and money is right
Tampa Bay Times columnist Daniel Ruth has another strong column today. He riffs off of great reporting by the Times/Herald's Toluse Olorunnipa about a deal that has Citizens giving $52 million to an upstart insurer that recently contributed a bunch to Gov. Rick Scott's re-election campaign. An excerpt from Ruth's column:
Just 10 months ago the firm didn't even exist and had no track record in selling insurance besides a company president with a history of fines and violations from state regulators. But this week Citizens Property Insurance Corp. voted to give Heritage up to $52 million to take up to 60,000 Citizens policies.
Talk about the scheme rising to the top.
Some nitpickers say this deal stinks to high heaven. Some naysayers kvetch that this is a classic example of insider bigwigs gaming the system. Some holier-than-thou types will look at the $140,000 in political contributions Heritage ponied up to Gov. Rick Scott and the state Republican Party as a damning indictment of the insidious influence of money on policymaking.
All of that is true. But you can't deny the Heritage deal is also a classic case of how fast government can work when it really wants to and the money is right.