Don't Believe the Hype

The next time one of the Republican members of the House of Representatives Insurance Committee says “If Matt would just make a deal with the insurance companies, we would pass some of his bills,” I will give him a copy of this article from yesterday’s Washington Post. To summarize it for you, it describes how the insurance industry convinced Florida’s legislature and Republican Governor to pass a bunch of pro-insurance company legislation with the promise that it would reduce homeowners insurance rates, and—you may want to sit down for this—many of the rates have actually gone up.