Frank Russo Announces Home and Auto Insurance Reform Plan to Address Rising Costs in Florida
Florida gubernatorial candidate Frank Russo, an insurance industry veteran with over three decades of experience, has introduced a comprehensive reform plan aimed at reducing the rising costs of home and auto insurance while enhancing consumer protections. The proposal includes measures such as exploring dedicated hurricane-only policies for homeowners to increase competition and reduce unnecessary expenses. For auto insurance, it calls for greater transparency in premium increases, clearer explanations from insurers, stronger appeal rights for consumers, and protection against unfair treatment based on age. Russo's plan also outlines a Florida Insurance Consumer Bill of Rights that emphasizes the right to know why premiums rise, how policies are priced, and ensures policy language is written in plain English. He argues these reforms will help families stay in their homes by making insurance more affordable and fairer for responsible residents who feel unfairly penalized despite maintaining good records. The initiative reflects Russo's broader campaign goals of restoring affordability to Florida households while promoting a transparent and competitive insurance market.
Topics: auto insurance consumer protection home insurance political proposal