Warning: Constant ABSPATH already defined in /home/flanews/public_html/wp-config.php on line 34
Capitol News Service » Blog Archive » State Farm Agents Plea for Help

Welcome to

Capitol News Service

Florida's Best Political Coverage on Television

 


 


 


Recent Posts

RSS Quote of the Day

  • Charles Baudelaire
    "Everything that is beautiful and noble is the product of reason and calculation."
  • Wilson Mizner
    "The best way to keep your friends is not to give them away."
  • Benjamin Disraeli
    "Silence is the mother of truth."
  • H. Jackson Brown, Jr.
    "Never forget the three powerful resources you always have available to you: love, prayer, and forgiveness."

State Farm Agents Plea for Help

June 3rd, 2009 by Mike Vasilinda

Legislation that would allow State Farm and other big insurers to set their own rates passed on May first, but it has yet to be delivered to the Governor. The delay gives supporters time to try and convince the governor to let it become law. As Mike Vasilinda tells us, they have an uphill battle.

Homeowners with State Farm will likely start to see non renewal notices in November. That’s unless legislation allowing the company and others to set it’s own rates is signed by the Governor. The bill passed in response to the company’s decision to leave Florida after being denied a rate hike.

But it’s yet to hit the Governor’s desk. That is a tactic lawmakers use to build pressure. State Farm Agents Kathy Fain and Dick Franklin are part of that pressure and spent the morning meeting with their state Senator. Both acknowledged the five months since the company announced it would no longer write homeowners have been tough.

“All of our customers have called,” Franklin said. “They’re in a constant state of flux as to knowing what to do.”

Agent Kathy Fain says allowing the company to bid on coverage without price regulation will leave the decision up to consumers.

“My main thing is to let’s try this,” Fain said. “It can’t hurt.”

The legislation was passed overwhelmingly by lawmakers. But that’s not having much sway with the governor.

The Governor’s mind is almost made up.

“I think it’s also important to have appropriate regulation as it relates to the insurance commissioner’s job to keep rates low,” Governor Crist said. “That’s my current view of it. I look forward to the bill coming to me.”

If the bill is vetoed, almost a million homeowners will need to find new coverage over the next two years.

Posted in Business, Charlie Crist, Insurance, State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com