The Real Deal Miami

Florida receives ‘F’ for property insurance environment

April 12, 2010 10:24AM

Florida and New York were the only two states to receive failing grades
for their property insurance climates, according to the Heartland
Institute, a free-market think tank. According to the group, Florida
regulators are too zealous in trying to keep rates from going up. A new bill
will be taken up by the Florida House’s government policy council that
would allow a 33-percent hike in property insurance rates throughout
Florida in the next three years. The Heartland Group is working with
Associated Industries of Florida, the Florida Wildlife Federation and
United Way to persuade the legislature to help the state’s market, and
lower costs of claims. [Sun Sentinel]