California recently required insurance companies in that state to reduce their rates.
Insurance companies are thumping their chests on Wall Street over their record profits.
Florida insurance companies cook the books in regards to their risk in this state so that they can justify "dropping" thousands from their rolls, or raise rates exorbitantly.
What is wrong with this picture?
Remember the time before "deregulation" when industries such as railroads, electric power, insurance, telephone and others were regulated to protect the public from their greed? It was called the best interests of the "commons" - meaning M/M Joe Average.
Isn't it about time that those in Florida charged with regulating industry in the best interests of the "commons" did their job?
Isn't it about time that free enterprise was held to a higher standard than larding up failing CEOs?
If California can do it why can't Florida mimic their efforts rather than kowtowing to those in industry who corrupt the political process?
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