Just listened to this podcast. They brought in a Republican Senator & a member of a not-for-profit Insurance Institute:
Florida property insurance is a hot mess. One word: Litigation. In fact, more than 75% of all property insurance lawsuits in the United States originate in Florida.
www.wbur.org
Also listened to this one w/ a call-in segment:
Lawmakers tackle property insurance; DeSantis targets Florida prosecutor; the ‘cone of uncertainty’
www.wlrn.org
Florida is not very wide. The whole state is at risk. And just because someone didn’t make a claim, doesn’t mean their neighbors didn’t. “Businesses” go around knocking on doors telling people they know how to get them a free new roof. There’s a lot of fraud going on. Construction costs have risen significantly since the start of the pandemic. All those things add up and the costs get spread around.
The conversation is more nuanced than I realized, but I think you are overlooking the counter-argument, that these companies, first and foremost, are often in it to extract as much money as possible from citizens. And so, for the government to be taking their side,
giving them a $1 billion subsidy, all while allowing them to set the tone of the conversation (thanks to the
documented +$150 million they have given via lobbying), it is basically letting the fox run the hen house.
On top of that, they want to want make it more and more difficult to sue Insurers 'to keep costs low' and DeSantis already allowed that. Previously, the law was that if an insurer was found at fault, they would be responsible for lawyer fees. Now, even if you correctly show that the insurer acted disingenuously, you are still on the hook for lawyer fees. My understanding is that unlike the other states, when an insurer rejects a claim in FL, there's no $$$ at stake for customers to see if they can get what they feel owed.
Yes, it also leads to fraud, but it also leads to insurers being held more accountable. The issue is that the government solution is to reduce fraud while also refusing to hold insurers at the same level of accountability. That is why the solution seems heavy-handed and solely for the benefit of the insurers. In fact, it often doesn't benefit the customer:
Lawmakers also question whether limiting lawsuits will actually reduce insurance rates. They point to the fact that homeowners’ rates continue to rise, despite making it much harder to sue them. “Did my rates go down?” Rep. Mike Beltran, R-Riverview, said last week. “No, my rates did not go down.”
Read more at:
https://www.miamiherald.com/news/politics-government/article273107190.html#storylink=cpy
Your speaking points are very much in lockstep w/ lobbyist/Republican talking points, but I do encourage you to check out other sources of information to see how the majority of customers are being screwed over, and how the government is subsidizing insurers and making their public option more expensive so that homeowners are more likely to pick a private plan that is 'cheaper' with a lot less coverage