Dump flawed policy: Two bills cling to notion that there is a ‘free-market’ insurance solution for Florida
The “good” news is that the Legislature may let property insurers gouge policyholders only moderately.
According to Sam Miller, director of the Florida Insurance Council, two of the four property insurance bills “are dead.” One would have deregulated prices. The other basically would have prevented customers from suing if they believed that an insurer did not act in their interests. That leaves the comprehensive rewrite (SB 408 and HB 803) and this year’s attempt to shrink state-run Citizens Property Insurance Corp. (SB 1714 and HB 1243).