Insurance panel calls for tough measures

The special Senate committee on insurance has completed its work and submitted recommendations to Senate President Ken Pruitt. They include repealing "use and file"; requiring approved models only; cracking down on non-renewals; increasing criminal penalties; and establishing a moratorium on non-renewals after a hurricane.

Whether anything comes of it this session is an open question.

Comments

1. Require by law, insurance coverage for outstanding mortgage only.

2. Require by law, that insurance companies repay all premiums paid-to-date with interest; to any customer they intend to drop.

Problem Solved!

Addendum to #2… “only if customer has had no claims”

love #5

Thank you Commissioner. You are the best Insurance Commissioner the state of Florida has ever had! You are working for the people and not the insurance hot dogs. Great job

Good luck when the hurricanes hit, morons.

[Jason Straight]

So why has a GOP senator filed a bill to remove bad faith penalties against insurors ?I dont believe the GOP will ever act for the consumer..The party is funded in Tallahassee by the insurance industry and Associated Ind.Ill believe it when I see it..Never pass the house!!

insert terminator's/rambo's/ernest's/ or whatever goofball 80's nickname's comment...now

Don't forget about Bill and Ted/Pee Wee Herman/ and Mr. T.

March 13, 4:00,
If you don't want to take out an insurance policy, then either pay cash for your home, or don't buy one. Insurance is something that you pay for EACH year, and each "renewal" is a brand new contract. They are not obligated to enter into contract after contract with you, any more than are obligated to stick with them year after year.
You cannot expect to be repaid for years past if either party decides not to enter into another contract. Insurance is bought for the "just-in-case" scenario. If you lose your home to a disaster, you would expect the insurance company to pay you more than your premium for that year as per your contract, right? The insurance company takes a chance that they won't have to do so, but will if you make a claim. You pay them the premium in order for them to take that chance.

March 13, 4:00,
If you don't want to take out an insurance policy, then either pay cash for your home, or don't buy one. Insurance is something that you pay for EACH year, and each "renewal" is a brand new contract. They are not obligated to enter into contract after contract with you, any more than you are obligated to stick with them year after year.
You cannot expect to be repaid for years past if either party decides not to enter into another contract. Insurance is bought for the "just-in-case" scenario. If you lose your home to a disaster, you would expect the insurance company to pay you more than your premium for that year as per your contract, right? The insurance company takes a chance that they won't have to do so, but will if you make a claim. You pay them the premium in order for them to take that chance.