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Fla. Insurance Commissioner McCarty Issues Subpoenas to 17 Reinsurers

Southeast News • April 25, 2005
Florida insurance regulators are probing the dealings of 17 reinsurers selling finite risk policies. Florida's Insurance Commissioner Kevin McCarty said that he has issued investigative subpoenas ...

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Subject: RE: subpoenas

Posted On: April 27, 2005, 8:11 am CDT
Posted By: surev0
Comment:
HOORAY for McCarty.

These subpeonas should prove once and for all that:

1)Florida regulators are nothing but publicity seeking morons that have no comprehennsion of the competitive marketplace.

2) that Florida is a giant sandbar that nature restores to it virginal state every so often.

3) the corruption and fraud in Florida makes the sicilian mob look honest and forthright

4) that offering terms, conditions and pricing that is actuarily sound will never fly in florida when the average millionaire can purchsed state and federal subsidized insurance that is less than many homeowners throughout the US pay even though they are not subject to tremendous wind and water damage claims.

If my tax dollars were not going toward subsidizing you clowns that choose to live on a sandbar in a hurricane prone zone I would care less. However since you insist on building in an area which will incur signficiant losses on a predictable basis and insist that I subsidize you then don;t act surprised when you find resentment by the more well reasoned people that avoid putting themselves in this situation.
Subject Posted By Posted On
RE: subpoenas surev0
Apr 27, 2005, 8:11 am
RE: RE: finite re-insurance Mr Index
Apr 27, 2005, 2:48 am
RE: finite re-insurance Lachlan
Apr 26, 2005, 5:32 pm
RE: subpoenas b altman
Apr 26, 2005, 2:51 pm
subpoenas cliff mckelvy
Apr 26, 2005, 1:19 pm
finite re-insurance Mr Index
Apr 25, 2005, 11:26 pm
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