June 9, 2010
California’s burning, again; the flames north of Los Angeles, also known as the Station Fire, have already killed two people, and are threatening tens of thousands of homes, causing the governor to declare a state of emergency in Los Angeles and Monterey counties. So of course it’s time for a little primer on fire insurance. I know, you may think you understand fire insurance because you know...

June 9, 2010
In a state parched by a three-year drought, wildfires are at least partly to blame for the price increases, industry officials and even some consumer advocates agree. Reporting from Sacramento - As California heads into another season of wildfires that have been growing more frequent and more ferocious, homeowners are facing higher prices to insure their property. In the last year, some...

June 9, 2010
OCEAN SPRINGS — It was just another in the rush of federal suits against Mississippi insurers last August, just before the three-year statute of limitations after Hurricane Katrina expired. Except it wasn't. Without a lawyer, then-77-year-old Maralou Richards of Ocean Springs filed a handwritten complaint against a unit of AIG, at the time the world's largest insurance company. Richards made a...

June 9, 2010
My View In the strongest possible terms, we urge Gov. Charlie Crist to veto the home insurance deregulation bill, SB2036/HB1171. This bill is an invitation for insurers to game the Florida regulatory system and abuse consumers. No price can be too high, no discrimination can be found unfair if a policy is issued under these terms. The regulator can only come in and raise prices if an insurer goes...

June 9, 2010
TALLAHASSEE — Both supporters and opponents of a bill that would partially deregulate Florida’s property insurance market are fiercely lobbying Gov. Charlie Crist as he nears a decision about whether to sign the bill or follow his apparent instinct to veto it. Crist formally received the bill late last week and has until June 27 to decide. But he has for weeks signaled his distaste for House...

June 9, 2010
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 Residential Property Insurance Bill HB 1171 is one of the most egregious...

June 9, 2010
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 this month. "This amounts to another bailout this time for major...
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June 9, 2010
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 must have a surplus of at least $...

June 9, 2010
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 insurance. The governor said an unregulated insurance industry would be unfair to consumers. His comments came as controversy mounted over the measure and the bill’s sponsor called the state insurance...