Hispanic Chamber of Commerce urges support for insurance rate deregulation bill
Another day, another group weighing in on the bill that would deregulate large property insurance companies' rates - and perhaps entice State Farm to keep writing policies for Florida homeowners.
The Florida State Hispanic Chamber of Commerce sent out the e-mail below to members, part of a larger grassroots push from the Florida Chamber, urging them to call the Governor's Office in support of HB 1771. Earlier this week black legislative caucus chairman Sen. Gary Siplin sent Gov. Charlie Crist a letter urging him to sign the bill into law.
In a strong win for Florida's employers during the 2009 Legislative Session, the Florida Legislature passed Florida Chamber-backed property insurance reform. This bill (HB 1171) increases consumer options for property insurance, creates a competitive marketplace and reduces the risk of hurricane loss away from taxpayers. The successful legislation is a critical first step on the road to stabilizing our property insurance market, as it allows a narrowly-defined group of large private insurers, who must meet stringent capital requirements, to offer homeowners' policies at a market-based rate.
However, in order for this bill to go into law, it must be signed by Governor Charlie Crist. Anti-business special interests have been actively engaging on this issue and are currently flooding the Governor's office with calls to veto this legislation.
In order to prove the necessity of this measure to Florida's job creators, employers must deliver calls and emails in support of this bill.
Thank you for your continued efforts as we work together to fight for a stable, fair property insurance market for Florida's taxpayers. Without your grassroots support, the efforts of the Florida Chamber would certainly not be successful.