...so I'm not sure what the rant about free market capitalism is all about then. This has nothing to do with either.
This isn't about Allstate trying to increase their bottom line
Really?The Senate will take up a bill that would allow unregulated surplus-lines insurers to take their policies out of Citizens Property Insurance. The proposal, which has already passed the House, is controversial because out-of-state insurers could raise their rates to any amount after taking over the Citizens’ policy. Sen. Mike Fasano, a vocal critic of Citizens, is planning to speak out against what he is calling the "vulture" bill.
Huh. Fasano again? Poor guys gonna end up in the bottom of the St. John's with concrete shoes if he doesn't stop going after the Scott Mafia.
Meanwhile, I guess I was right. (Again!) The purpose and scope of Citizens sure has veered away from this under Republican leadership!
Funny. I thought Citizens Property was established to cover all the homeowners dumped by the national insurance companies because they weren't making enough money off them.
