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Fla. Court Orders Southern Family Into Rehabilitation; Citizens to Receive Policies July 1

Southeast News • April 26, 2006
Leon County (Florida) Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Company, one of three financially-troubled property insurers of the Tampa-based Poe Financial Group, ...

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Subject: RE: RE: Unfortunate

Posted On: April 26, 2006, 3:16 pm CDT
Posted By: Hmmm...
Comment:
If you are going to exclude agents because they don't know the specifics of an admitted carrier's reinsurance treaties(I believe Poe's was to the 100yr event on Cat cover, not sure if they had QS), then you would be hard pressed to find an agent in the state who could write a homeowners policy!

The fact is that outside of the top five or six writers in the state, most if not all carriers write to the 100 year event. Agents don't know the level of saturation a carrier has within a given geographic territory. If the carrier is giving them capacity to write, it's a reasonable assumption that it is because they are balancing their book to another (more exposed) area in the state/region.

When I say it's unfortunate, it is because of the breadth of the issue and the ultimate impact it will have in our own backyard. And in case you're wondering, I'm a claims guy, so this isn't a "woe is me" letter... just an observation.
Subject Posted By Posted On
RE: Overcharges D
Apr 27, 2006, 1:56 pm
RE: The Insured, The Agent and The Mortgage Company...... Rater
Apr 27, 2006, 12:14 pm
The Insured, The Agent and The Mortgage Company...... Betrock
Apr 27, 2006, 11:37 am
RE: RE: RE: Get a clue Observer
Apr 27, 2006, 11:22 am
RE: RE: Get a clue Get A Clue
Apr 27, 2006, 11:14 am
RE: Get a clue Buzzard
Apr 27, 2006, 9:14 am
RE: RE: Poe Gotta Go Get a clue
Apr 27, 2006, 8:28 am
RE: Poe Gotta Go Buzzard
Apr 27, 2006, 7:37 am
Poe Gotta Go Told You So
Apr 26, 2006, 8:33 pm
Set the Record Straight ThinkbeforeUspeak
Apr 26, 2006, 7:19 pm
TAKE OUT COMPANIES lee
Apr 26, 2006, 6:34 pm
RE: Stop Depopulation agent
Apr 26, 2006, 5:37 pm
No Guts People Observer
Apr 26, 2006, 5:09 pm
RE: Overcharges disgusted
Apr 26, 2006, 5:08 pm
Stop Depopulation No More "TakeOuts"!
Apr 26, 2006, 4:37 pm
RE: hummm Buzzard
Apr 26, 2006, 3:42 pm
RE: RE: RE: Unfortunate Reinsurance Guy
Apr 26, 2006, 3:29 pm
RE: RE: Unfortunate Hmmm...
Apr 26, 2006, 3:16 pm
RE: Unfortunate Buzzard
Apr 26, 2006, 2:21 pm
Overcharges Seguros Insolvencia
Apr 26, 2006, 2:10 pm
Unfortunate Hmmm...
Apr 26, 2006, 2:08 pm
RE: RE: Get Real!!! CPCU
Apr 26, 2006, 2:04 pm
RE: Get Real!!! cowdogs3
Apr 26, 2006, 1:49 pm
Get Real!!! Cheryl
Apr 26, 2006, 1:37 pm
RE: RE: RE: RE: RE: Overcharges MW
Apr 26, 2006, 1:30 pm
RE: RE: RE: RE: Overcharges D
Apr 26, 2006, 1:11 pm
RE: Poe/ So Fam Buzzard
Apr 26, 2006, 1:10 pm
RE: RE: RE: Overcharges been there
Apr 26, 2006, 11:16 am
RE: RE: Overcharges Hal
Apr 26, 2006, 11:04 am
RE: Overcharges Mark
Apr 26, 2006, 10:54 am
Overcharges Seguros Insolvencia
Apr 26, 2006, 9:39 am
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