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Not one Floridian has been spared from the challenges of these tough
economic times. Yet a bill that would allow a select few, big property
insurance companies to sneak unrestrained, unregulated and unrelenting
rate hikes on unsuspecting consumers will arrive at Governor Crist’s
desk over the coming days.
The fight is heating up against legislation that would allow large
property insurers to raise rates without state approval.
Eight consumer groups including the Consumer Federation of the
Southeast and the Florida Public Interest Research Group have implored
Gov. Charlie Crist to veto the bill passed by the Legislature earlier
NU Online News Service, May 26, 3:38 p.m. EDT
A Florida bill that would allow some insurers to charge rates above
those approved by the Office of Insurance Regulation provided they meet
certain capital requirements has drawn the ire of consumer groups.
In order to charge rates above those approved under H. B. 1171—also
called the “consumer choice” bill—a carrier...
NU Online News Service, May 28, 11:36 a.m. EDT
Florida Gov. Charlie Crist yesterday indicated he may veto the “Consumer
Choice” bill that would eliminate rate restrictions on some home
The governor said an unregulated insurance industry would be unfair to
His comments came as controversy mounted over the measure and the bill’s...
Four consumer advocacy groups implored Gov. Charlie Crist today to veto a
bill that would allow large insurers to charge essentially unregulated
"This bill is an invitation for insurers to game the Florida regulatory
system and abuse consumers," said officials from the Consumer Federation
of America, Consumer Watchdog, Center for Economic Justice and...
The way insurance companies barrage you with television ads promising
to save you money, you might think they were paying you instead of the
other way around. In the case of the GEICO googly eyes or actor Dennis
Haysbert hawking Allstate policies, at least it’s private companies
pitching their wares. But then there are the auto insurance ads touting
In July, when fire tore through the Northwest mansion belonging to local
activist and arts patron Peggy Cooper Cafritz, it set off what is
likely to be a long journey toward rebuilding. Facing total loss,
Cafritz hired a public insurance adjuster to estimate the dollar amount
and help prepare her homeowners insurance claim.
"It would be a truly daunting...
MSB, the leading provider of building cost data to the property
insurance industry just released its findings for current estimates of
homeowner insurance coverage across the United States MSB’s research
reveals an estimated 64 percent of U.S. homes are undervalued for the
purpose of insurance by an average of 19 percent—about the same as last
year. If that’s the...
With stories ranging from “My insurance company is just being too
good to be true” to “I’ve been with my insurance company for 21 years,
never made a claim, just lost my house, and now they’ve cancelled me,”
about 50 Jesusita and Tea fire survivors filled the Westside Community
Center to hear California Department of Insurance (CDI) officials walk
them through the...
Allstate Corp., which has been dropping wind coverage from home
insurance policies in Mobile and Baldwin counties, began in April to
sell homeowner policies through a new unit called North Light Specialty