Consumer Insurance Coalition
Insurance Coalition Goals
Real Rate Relief with Prior Rate Approval
Prior Rate Approval - Consumers need lower insurance rates. Without prior rate review, no rate savings are guaranteed. Insurance companies can take “use and file” rate increases and wipe out any savings. “File and use” rate approval locks in the savings to the people.
Long Term Relief with the Independent
Insurance Consumer Advocate
Independent Insurance Consumer Advocate in the Public Counsel office makes sure consumers will have a voice in future years, not just this week. Not another regulator, but an advocate for consumers.
Make Citizens Competitive
Citizens to sell complete insurance coverage and lines to help lower
rates. Consumers need choices in the marketplace. Run Citizens like a real
Eliminate Cherry Picking
companies shift risk to consumers by cherry picking the best customers.
Spread the risk through
broader assessments from the Catastrophe Fund instead of cherry picking
perils, zipcodes, and policies.
Eliminate Florida-only subsidiaries
shell companies allow insurers to use complicated reinsurance schemes to
funnel profits to parent companies while shielding ratepayer funded
reserves from claims. PUP
companies allow rate increases based on erroneous information. This
charade must end.
Statewide Building Code