One other insurance coverage particular session. What now? | Editorial [South Florida Sun-Sentinel] – Insurance coverage Information Internet
Given the complexity of insurance coverage, a functioning Legislature would begin by getting essentially the most dependable info potential about the issue. That may begin with intensive committee hearings nicely earlier than the common session and proceed with as a lot debate as potential.
‘A baked pie’
As an alternative, legislators could have the weekend, perhaps, to learn lengthy, detailed payments and put together for flooring debate as early as Tuesday. As state Rep.
All of the bakers are
Happily, the proclamation for the session is broadly-worded. As a result of it covers all elements of insurance coverage and reduction for storm-damaged areas, legislators can supply many amendments to enhance the invoice.
However the rushed schedule probably implies that payments gained’t change a lot from what the sponsors supply. Right here’s a novel concept: Since Republicans haven’t resolved the disaster utilizing their standard concepts — which means regardless of the insurance coverage business desires — how about contemplating some concepts from the
The business’s response to fraud has been to limit policyholders’ entry to the courts and to painting attorneys and their charges because the villains. Assembly with all events earlier than the session, Polsky mentioned she discovered that in some instances trial attorneys are the one ones holding insurance coverage corporations accountable for paying claims.
A fragile stability
That’s the stability
The state wants extra corporations writing house owner insurance policies — not fewer. That may take the strain off state-run Residents, which is meant to be an insurer of final resort however is again above 1 million insurance policies and desires to boost charges to discourage extra individuals from signing up.
So we recommend once more that the Legislature require any firm that writes insurance coverage in
And if insurance coverage fraud is so rampant, regulators ought to ask for cash to crack down. Gov.
Lastly, any laws that reduces value for insurers ought to require them to go financial savings on to prospects.
Insurance coverage ought to have been the precedence throughout common periods each this 12 months and final. As an alternative,
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