For a printable version of ACI’s filing, Please Click Here. Summary: In this proceeding, the Institute comments for the purpose of assisting the FIO in formulating its recommendations to Congress as they pertain to insurance institutions and regulation of these institutions. Our comments focus solely on the intersection of issues involving the cost and benefit of […]
American Consumer Institute Analysis: Relying On Undercapitalized Insurers during Hurricane Season Puts Florida Homeowners at Extreme Risk Washington, DC (July 1, 2010) – A ConsumerGram written by FSU professor and ACI expert Dr. Patricia Born details how regulatory efforts to keep Florida’s homeowner insurance rates artificially low has resulted in undercapitalized companies, which […]
The Importance of Being Capitalized By Patricia Born Efforts to encourage insurers to enter the Florida homeowners market do not appear to be meeting their objectives. The attractiveness of coverage offered by private insurers is putting consumers at an even greater risk as the premiums collected and available capital will likely prove insufficient for paying claims. […]
The very organization entrusted to protect consumers against involvency, the Florida Insurance Commission, is leading the industry to solvency and leaving consumers wondering “who will pay their claims?” The Tampa Bay Tribune quotes Steve Pociask of the Institute on Florida’s solvency problems, click here for the news.