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.
As she exits her position as Massachusetts Insurance Commissioner, Nonnie Burnes is drawing praise from an insurance trade group and a free-market think tank for her work to end state-set auto rating for auto insurance.
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.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.