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IN CASE YOU MISSED IT… Florida Today: "Your insurer is richer, are you?"

2/16/2015

Contact: Ashley Carr
(850) 413- 2842
  
"Your insurer is richer, are you?"
Florida Today
Written by Matt Reed
February 15, 2015
For Full Article Click HERE
 
For years, Florida leaders have gone out of their way to make insurance companies more profitable, almost always at your expense.

It would be nice — with all the talk of who's best for the middle class — if the supply-siders threw their constituents a bone this year.

As it happens, one Republican state leader wants to pursue "consumer-centric" insurance changes this year. Voters should watch the news and be prepared to show support.

Florida's elected Chief Financial Officer, Jeff Atwater, says state insurance regulators should push auto insurers to lower rates following the 2012 reforms.

Besides letting insurers reduce personal-injury payments, taxpayers have funded a statewide crackdown on fraudulent clinics that drove up insurers' costs. Atwater points to nearly 5,000 arrests and a conviction rate of 90 percent.

"It's time for the consumer to benefit from those claims coming down," Atwater said at a press briefing.

Other changes Atwater supports:
•Re-regulation of health insurance rates …
•Fair hospital billing …
•Lower home insurance rates …
•Public "stress tests" for home insurers …

Atwater has not yet formally announced his legislative priorities or detailed plans for 2015, his staff told me Friday. But his ideas seem fair, actuarially sound and overdue.
Atwater is the first of today's top Republican officeholders to publicly acknowledge that a rising tide of state-induced insurance profits doesn't automatically lift all boats.

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