Florida’s CFO blames wokeness for insurers leaving the state: 'I do call them the Bud Light of the insurance industry'

Jimmy Patronis (Credit: Joe Burbank—Orlando Sentinel/Getty Images)

As yet another insurance company is pulling back from issuing policies in Florida following a string of natural disasters, the state’s chief financial officer has accused the industry of pulling out not because of losses, but due to wokeness.

Jimmy Patronis, CFO of the state, lit into Farmers Insurance for its plans to leave the state on CNBC recently, saying “if they would just leave ESG [environmental, social, and corporate governance ] and put it away, and focus on the bottom line, they may not have made this decision to leave the state of Florida with the tail between their legs.”