The Last Thing We Need Are More Trial Lawyers
No More Trial Lawyers
Smart Property Insurance Reforms Equal Consumer Savings
The Florida Chamber’s Bottom Line Featuring Michael Carlson
“We are in the best positon as a marketplace that we have been in for about 10 years now,” said Michael Carlson, Executive Director of Personal Insurance Federation of Florida (PIFF). “Our companies are more solvent, they are better able to make claims, and more importantly our backstop- the Hurricane Catastrophe Fund, our Citizens Property Insurance Corporation, which you know is a government supported entity- are both in the best fiscal shape they’ve been in.”
This is due in part to the smart reforms that have been enacted throughout the past several years such as creating more sustainable Citizen’s Property Insurance rates- allowing private companies to competitively take policies, creating a Citizens Clearinghouse program to help move policies into the private market, and reducing fraud in sinkhole claims.
But while our insurance markets are moving in the right direction, special interests groups continue to fight to make Florida’s insurance markets more expensive for families and businesses alike. For workers’ comp, this is a dangerous problem that could cost businesses increased rates.
“Trial lawyers today are challenging the very smart reforms that have been enacted in Florida since 2003 and if they are successful, you will see cost increases in the workers’ comp systems that will affect Florida’s businesses and Florida’s consumers.”
For property insurance, it could equal direct increased costs to homeowners.
“There is a worrisome trend developing in Florida where the cost driver that’s particularly related to roofing and water claims in the homeowner prop insurance market,” shared Carlson. “There is a legal tool called an ‘Assignment of Benefits’ which we believe is being abused by a cottage industry of unscrupulous vendors and trial lawyers that is causing rates to increase. We need to do something about that.”
One solution, Carlson says, is attending the Florida Chamber’s Insurance Summit January 26-28 in Orlando.
“It’s an important gathering. In fact, I would say that the importance cannot be understated,” said Carlson. “The prominent thought leaders, prominent stake holder groups, company executives and representatives, legislators, elected officials, academics all gather under the auspices of the [Florida] Chamber at this event to talk about the problems that we face in property insurance and other insurance markets and more importantly talk about solutions, smart solutions, to address these problems.”
Register today for the Florida Chamber Insurance Summit January 26-28 in Orlando.
Jeb Bush, Big Guns Oppose Medical Marijuana Proposal
BY: KEVIN DERBY
Former Gov. Jeb Bush, the Florida Chamber of Commerce, the Associated Builders and Contractors of Florida and the Florida Trucking Association announced on Thursday they opposed Amendment 2, a proposed state Constitution amendment expanding medical marijuana in the Sunshine State.
Bush said on Thursday Amendment 2 would hurt efforts to lure tourists to Florida.
“Florida leaders and citizens have worked for years to make the Sunshine State a world-class location to start or run a business, a family-friendly destination for tourism and a desirable place to raise a family or retire,” said Bush. “Allowing large-scale, marijuana operations to take root across Florida, under the guise of using it for medicinal purposes, runs counter to all of these efforts. I believe it is the right of states to decide this issue, and I strongly urge Floridians to vote against Amendment 2 this November.”
Mark Wilson, the president and CEO of the Florida Chamber, took aim at trial lawyer John Morgan who has been the point man behind efforts to get Amendment 2 on the ballot.
“Normally we focus on creating jobs, improving education and making Florida more competitive, but this is the type of business Florida can do without,” said Wilson. “I find it curious that the largest funder of this push to legalize pot is a personal-injury trial lawyer firm, yet such measures are overwhelmingly opposed by Florida’s medical and law enforcement community. Florida voters are smart and when the facts are on the table, I believe they will say no to drugs in Florida.”
Wilson noted the proposed amendment offered immunity to many participants involved in raising, using, selling and transporting medical marijuana, calling it a “red flag.”