I never understood the whole insurance loby issue. Seemed like the state was trying to force insurance companies to charge certain rates. Were they gouging on prices or just charging just rates based on higher claims?
Crist Never has Owned a House in Florida
- Thread starter yippie
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I never understood the whole insurance loby issue. Seemed like the state was trying to force insurance companies to charge certain rates. Were they gouging on prices or just charging just rates based on higher claims?
I will admit to a huge bias here... based on work I have done for the Insurance Commissioner in years' past...I believe that the Insurance Companies were (and in some cases still are) charging rates much higher than they need to...Crist was sincere IMO in wanting to make rates more equitable...he underestimated the power of the lobby, but he did make an effort.
Just from a layman's perspective, it's hard to watch the insurance companies talk about record profits to the investors on Wall Street and then have those same companies in that same year go before the state insurance commission and cry poverty about how they needed another 40% increase if they were going to survive.
And there has been many a company that has done exactly that in recent years.
Based on our sample-size-of-1 experience, Crist is actually doing a reasonably good job in getting insurance prices to stablize as our insurance bill's been pretty reasonable lately. I just hope the gamble the state made with reinsurance pays off and we don't get hit with another Big One before that reinsurance pool gets fully capitalized.
And agree with his methods or not they seemed to have worked. My insurance got as high as $2500 a year and now looks like it is going to go down to $800 after two years of decline. Of course, us not having a hurricane is sure to be some of the reason for the steady fall.
well, everything is relative -- someone else on this board has posted the opinion that he is no visionary and is a bit naive...maybe...perhaps he over-estimated his ability to persuade...regardless, he is the only recent gov to even try.
TooFarTampa
SoWal Insider
That was probably me. I like Charlie and I definitely think he is an empathetic person, as well as a dedicated public servant. But I think he's reactive not proactive, and it would help to have a visionary guiding us. I do not know who that would be.
He has his hands full. The latest budget numbers are UGLY. As tax revenues fall, unemployment and Medicaid rolls are expanding rapidly, which does not help.
http://www.tampabay.com/news/politics/article933430.ece
Yes, I thought it was you--just could not remember and didn't have time to look it up. I agree. He is a caring person and while I do not agree with many of his political positions; I do believe he, more often than not, wants to do the right thing for Floridians. He may just not be as capable as we would like in a leader.
Being the governor of this state is not an easy task, especially now.