Consumer groups urge veto of

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and claim HB 1171 would pit the largest insurers againsttthe smallest, which would be hamstrunyg by regulation. But, during a Wednesday news conference, Brad Ashwell, legislativde advocate for Florida said the answer is not deregulation of all He said that rates need to more closelgy conform toreal risk, and that keepingy rates artificially low, as did for several is not the answer. Walter Dartland, the consumer federation’s executive emphasized that partial or completed deregulation is notthe answer, either. He maintainsa that the state’s rate review processw has been a valuable consumer protectiomn tool against arbitraryrate increases.
A practica l solution would need to involve a deeper pool of specificallysmaller ones, and higher rates that are Ashwell said. “Florida is in the midst of an economic and our residents cannot afford to be caught in a volatile insurance market faced with erraticfrate increases," he said. But, the insured also have to be realistifc about the impact a hurricane would haveon them. Floridianz will not be able toavoisd assessments. “It’s just a question of how big the assessmentywill be,” Ashwell said.
The bill awaitin g Crist’s signature would allow major such asState Farm, which earlier this year said it would leave Florida, to raise ratezs unchecked without a guarantee that they would continue writingh policies in the state. Dartlanx said his organization would encourage State Farm and others to poacn the customers with theleast risk, leaving those with the most for companiews that are least capable of payinyg out in the event of a storm. “This doesn’t help anybody except the few companies that are he argued. , one of the bill’ss sponsors, Sen.
Michael Bennett, R-Bradenton, asked Insurancd Commissioner Kevin McCarty to resign after McCarty requestedd that Crist vetothe bill. During a news conferencee earlier inthe day, the governor hinted he migh t veto the bill.