Chip Merlin: Do not believe Floridaâs insurance industry that laws will reduce rates â rates often depend upon Mother Nature, reinsurance rates
Most of the property insurance rate increases are occurring all over the country, not just in Florida
Remember how the Florida insurance industry and its lobbyists promised that if AOB reform were passed, insurance rates would drop because AOB litigation was the cause of increased premiums?
Since that law passed, rates have not dropped. Floridians were duped by insurance industry propaganda, and the same insurance industry is promoting more anti-policyholder laws that literally prevent Citizens Property Insurance from asking for a rate decreaseâand some Florida legislators voted yesterday to make it against the law for Citizens Property to ask for a rate decrease!