Insurance regulations expert witnesses may may be relied upon to testify on insurance companies, insurance claims, property insurance, and more. Christian R. Cámara, Florida Insurance Project Director, Heartland Institute writes:
The editorial “Property-insurance reform package could harm consumers” (OrlandoSentinel.com, Feb. 5) is a reminder of an alarming fact: Despite five hurricane-free years, Florida’s insurance market is still in shambles.
More than half the property insurers are losing money even without hurricanes, fewer insurance companies are competing, financial stability is reduced, and the state-owned property insurance company has grown to be the largest insurer in Florida.
The best solution to these issues requires a fundamental rethinking of government’s role in insurance regulation. Government should not dictate insurance rates, but rather level the playing field by fighting fraud and ensuring that companies selling policies in Florida are able to pay customers’ claims.
Read more: heartland.org.