HB 447
Two Florida Legislators Revive Deregulation Bill
During the 2009 Legislative session Representative Bill Proctor, R-St. Augustine and Sen. Mike Bennett, R-Bradenton guided a “deregulation bill” through the Florida Legislature. The bill would have permitted many large insurers to offer homeowners insurance policies at rates that exceeded the approved rates they had on file. To be eligible for this reduced rate regulation, …
Read More »
Bill would let property insurers raise premiums up to 15% without state approval
By Michael Peltier News Service of Florida Posted: 8:50 p.m. Wednesday, March 17, 2010 TALLAHASSEE — Property insurers would be able to raise premiums without regulatory approval, but only by up to 15 percent a year, under a wide-ranging insurance approved in a House committee Wednesday. The proposal (HB 447) was amended to add the 15 percent cap on unregulated …
Read More »
State-dominated insurance system poses threat to Florida’s economy
By STATE REP. BILL PROCTOR, COMMUNITY VOICES A serious threat to Florida’s economic recovery is the possibility that a major hurricane will strike a large metropolitan area this summer or next. The resulting damage to residential and commercial properties could exceed $80 billion. Many of the claims would be the responsibility of the state. Unfortunately, …
Read More »
Consumer choice insurance best plan
Posted: April 18, 2010 – 12:11am State Rep. Bill Proctor’s House Bill 447 — aimed at consumer choice in property insurance and deregulation of rates — heads to the state House floor Tuesday. Backers are optimistic it will pass both the House and the Senate, where a companion bill (SB 876) is moving through committees. …
Read More »
Insurance proposals don’t have consumers in mind
A Times Editorial In Print: Wednesday, April 21, 2010 It is no secret that Florida’s property insurance market is far from healthy. More than 1 in 4 homeowners are insured by the state-run Citizens Property Insurance Corp., and private coverage remains unaffordable or unavailable in many areas. But it also is no secret that too …
Read More »
