It looks like my message (June 8, below) to Representative Marco Rubio might have been heard. This recent Miami Herald
story reports some progress. Even so, the crafty work of lobbyists is evident in protecting their giant
clients interests while sticking it to those who are locked in to their insurance and cannot change
companies. Will we ever be free from lobbyists?; campaign finance reform is critical.
BY BEATRICE E. GARCIA
bgarcia@MiamiHerald.com
By most measures, the insurance bill lawmakers passed Friday is consumer
friendly. But there are a few provisions in the new law that make insurers happy -- and
some they really don't like. Insurers, especially companies with national operations,
aren't thrilled that the state will prohibit the future formation of Florida-only subsidiaries
after Jan. 1, 2008. The existing subsidiaries, such as Allstate Floridian and State
Farm Insurance of Florida, are grandfathered in.
But starting next Jan. 1, these existing subsidiaries will have to include
information about the profits of their parent companies in their rate filings.
''No other state has made such a requirement,'' said Sam Miller with the
Florida Insurance Council. ``Unfortunately, the Legislature and Gov. Crist see
the industry as the enemy.
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