Posted On: May 20, 2008, 3:59 pm CDT

Posted By: B

I agree with Nobody Important, the state of Florida needs to stay out of the insurance companies business. Let insurance companies charge a rate that will give them a profit and provide the coverage at a price they wish to set. If they charge too much or too little companies will go out of business. Insurance companies have not made a profit in Florida in years. It is time for a change. If you want to live in sunshiny Florida next to the beautiful ocean you have got to pay more for insurance, because we know the hurricanes are coming.

The state of Florida is screwing its own insurance company Citizens Property Insurance Corp by not allowing them to charge enough rate for the risk and if we have another 2004 or 2005 hurricane season Citizens will not survive.

It is crazy that Floridians pay assessments on auto and other lines of insurance to make up for the lack of premiums collected on home policies in the past. In closing, Government needs to stay out of the insurance business and let companies have a free market and charge whatever they want, competition and claims will weed out the bad companies.