Florida Gov. Charlie Crist vetoed the state’s property insurance bill that would have expedited rate filings for property-casualty insurers, saying it was not in consumers’ best interests.

In the movie “Little Miss Sunshine,” Olive Hoover was a little girl with a dream but burdened with a totally dysfunctional family. Florida reminds me of Olive, and state government is its dysfunctional family. Florida dreams of cheap property insurance, and state government swears it can get her there. Unfortunately, dreams and reality clashed in the Sunshine State and practically wrecked the insurance market. This week, the parade got rained on again.

A Florida senator is repeating his call for the ousting of the state’s insurance commissioner, calling his behavior “reprehensible” and saying he is no longer trustworthy.

Already threatened with a veto by Gov. Charlie Crist, Florida lawmakers appear unlikely to win a victory to allow Florida property insurers to raise rates through unregulated policies.

A move by Florida Gov. Charlie Crist to stop deregulation of property-casualty insurance could encourage other companies to leave the state, according to a public policy group.

Charlie Crist

Crist vetoed …  Read →