Florida legislature considers deregulating the self-assurance
An insurer could, for auto insurance rates as much as 25 per cent per annum, without authorization by the State Office of Insurance under a proposed settlement, the pilot program is supported by a powerful state legislator to liaise industry.
Rep. Don Brown, a DeFuniak Springs Republican and chairman of the Sub-commission insurance settlement for the house, is preparing a bill deregulating the insurance, allowing insurers to charge high increase in auto insurance premiums, as long as the average premiums do not increase or fall by more than 10 percent of the country each year.
This measure would be the way to a deregulation of the insurance and, if it succeeds in auto insurance, other lines as the house owner.
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