Florida lawmakers sauntered into the 2011 session promising to help businesses, end red tape and regulation, and revive the state's economy.The Republican-controlled Florida Legislature championed the idea of free markets at nearly every turn in the first few weeks of the 60-day session. However, so far it is clear that the insurance industry may not get everything it wants, even from a decidedly pro-business legislature.
A comprehensive property insurance bill intended to address cost drivers that affect the bottom line of insurers is moving—but not without much debate, controversy and changes pushed by those who say the measure is unfriendly to consumers.
Other insurance measures also may have a rough time getting to the desk of Gov. Rick Scott. These include legislation affecting Citizens Property Insurance Corp., bad faith laws, and an ambitious proposal to allow insurers to raise rates up to 30 percent a year without approval from state regulators. Shifting Political Sands
This is not what the insurance industry expected.
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