TREASURE ISLAND, Fla. — U.S. Rep. Byron Donalds introduced Saturday an “Insurer Scorecard” initiative aimed toward rising transparency in Florida’s property insurance coverage market and serving to drive down prices for customers.
The Trump-endorsed Republican candidate for governor unveiled the plan throughout a cease on his “Defending the Florida Dream Tour” in Pinellas County.
“Floridians want reduction from sky-high property insurance coverage charges. Customers should know what insurance coverage prices and the way effectively it performs earlier than they purchase,” Donalds mentioned. “The Insurer Scorecard will assist decrease premiums and put customers accountable for their insurance coverage.”
The proposal would modernize and relaunch the state’s CHOICES Fee Comparability software. It will mix pricing knowledge with insurer efficiency metrics, similar to claims approval charges and time to cost, right into a single public dashboard.
By making the data clear and comparable, the plan is designed to reward environment friendly, customer-focused insurers and exert downward stress on premiums. It additionally features a statewide consciousness marketing campaign to assist customers use the instruments, in response to the Donalds marketing campaign.
To make sure constant, dependable knowledge, Donalds mentioned he would require insurers to standardize reporting on premiums, charge will increase and claims outcomes, with enforcement measures for noncompliance.
“By placing this easy-to-use comparability software in customers’ fingers, we’re giving Floridians the data they should make higher choices, drive competitors throughout the market, and assist decrease property insurance coverage prices for households and seniors,” Donalds mentioned.
The plan builds on bipartisan momentum within the Legislature, the place current insurance coverage transparency measures have already superior with broad assist.
“Florida led the nation in authorities transparency with the Sunshine Regulation. Insurance coverage shouldn’t be the final trade exempt from accountability. Extra competitors means extra inexpensive choices for Floridians,” Donalds mentioned. “As governor, I’ll at all times put Floridians first.”
