Insurers are repeating their calls for Florida to scrap its regulatory approval system, which restricts premium rates, and say more companies would do business in the state if barriers were removed. Price deregulation could lead to "more competitors, more heated competition, and more choices, hopefully resulting in lower prices for consumers," said Joe Annotti, vice president of public affairs for the Property Casualty Insurers Association of America. However, others say deregulation could also push premiums up.

Related Summaries