The
Florida legislature has bent over backwards to pass legislation that
would place its already-beleaguered citizens even more into the
clutches of the property insurance industry than they already are. This
industry already whines every time the wind blows, rain falls, water
rises or a consumer files a legitimate claim.
Now, according to Florida
PIRG's Brad Ashwell, in an oped running in the Gainesville Sun,
Governor Charlie Crist should Veto Anti-Consumer Property Insurance Rates Bill
because it would allow big insurers (but not little guys) to "charge
whatever they like, they would also be able to game the system by
manipulating rates, quoting excessive premiums to coastal homeowners,
then dropping those policies if they choose to so they can maintain and
grow inland policies where there is less exposure."
The proposal is the Residential Property Insurance Bill, HB 1171, according to Ashwell, "one of the most egregious examples of anti-consumer legislation to come out of the 2009 legislative session." See:Veto Anti-Consumer Property Insurance Rates Bill
More of Ed's informative blog at US PIRG.
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