Posted on 05/16/2011 10:36:54 PM PDT by TheDingoAteMyBaby
With a sweeping property insurance reform bill awaiting Gov. Rick Scott’s signature, supporters and opponents of the proposal continue to battle.
Sen. Mike Fasano, R-New Port Richey, who throughout the legislation session labeled the bill “anticonsumer” and fought many of its industry-friendly provisions, last week urged people to contact the Governor’s Office and tell him to veto the measure.
“Quite simply, the bill on Gov. Scott’s desk is not designed to benefit you,” Fasano wrote. “It will instead increase your rates and increase insurance company profits.”
The Property Casualty Insurers Association of America responded, calling Fasano’s efforts to get the bill vetoed a “crusade.”
“Floridians understand what Sen. Fasano seemingly doesn’t — that Florida’s property insurance market is broken,” said William Stander, the group’s assistant vice president, in a statement. ”
The Florida Chamber of Commerce also weighed in, calling passage of the bill one of its top priorities.
And the Personal Insurance Federation of Florida argued in favor of SB 408, saying it moves the industry toward a goal of creating “as much competition in the private market for property insurance as there is in the private market for household goods.”
(Excerpt) Read more at miamiherald.com ...
This bill is a disaster.
The Insurance lobby has a huge strangehold on the FL state capital along with the vile Trial Lawyers.
If the effect will be increased competition, I’m all for it...
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