Recent Articles on the FPCA in Florida Publications
Jun 17, 2009
Three articles regarding the Florida Property and Casualty Association (“FPCA”) appeared during June 2009 in Florida publications. The articles are:
- “Citizens Property Insurance Corp. Raises Rates To Align With Insurance Market,” South Florida Business Journal, June 15;
- “FPCA Asks Governor Crist to Veto HB 1171,” Palm Beach Post, June 15; and
- “Florida Insurers Push a Veto on Property Insurance Deregulation,” Sun-Sentinel, June 15.
The above articles can be accessed through the attachment hyperlinks below.
Also, a Palm Beach Post article regarding a June 16 FPCA letter urging Florida Governor Charlie Crist to veto House Bill 1171 is reprinted below.
Should you have any questions or comments, please contact Colodny Fass.
Small insurers tell Crist property insurance measure will be bad for consumers
By JEFF OSTROWSKI
Palm Beach Post Staff Writer
Tuesday, June 16, 2009
Small property insurers are urging Gov. Charlie Crist to veto a measure that critics say favors State Farm. In a letter Monday, the Florida Property and Casualty Association says House Bill 1171 would create “an unbalanced and dangerously fragmented approach to rate deregulation” and “long-term negative consequences” for consumers.
“The bill also will give large insurance companies a significant competitive advantage over Florida domestic companies because those large companies will basically be able to ‘redline’ areas of the state in which they do not wish to write insurance,” writes Roger Desjadon, head of the trade group and president of Florida Peninsula Insurance of Boca Raton.
Last week, the Florida Legislative Black Caucus wrote a letter to Crist that implored him to sign the bill.
“This bill would encourage large, well-capitalized companies to return to Florida, or to start writing new homeowners policies in our state again,” wrote Sen. Gary Siplin, D-Orlando.
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