Charlie Crist’s strong support and history of fighting insurance rate hikes suggests he’ll veto the legislation.
Independent insurers fear such deregulation would create an unfair playing field in the insurance market.
Insurance lobbyists, like Bob Lotane with NAIFA Florida, say the state needs the legislation to keep big insurance companies in the state.
“It was one of the most heavily debated and heavily covered bills of the legislature. It was looked at as hard as probably any bill that passed this year. The legislature in both Houses passed it overwhelming. They realized what we are doing isn’t working," says Bob Lotane.
If Crist signs the legislation State Farm might decide to stay in Florida. More than 2,000 people have written the Governor complaining about State Farm’s plans to drop home owner policies in Florida.