Comment Sparse in Florida on 80% State Farm Insurance Hike
Southeast News • June 7, 2006
Lynn Martin took a day off work and drove all the way from Punta Gorda to Lake Buena Vista, Fla. to talk about homeowner's insurance.
In just under a decade, the 51-year-old has seen her State ...
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Subject: RE: SPARSE
Posted On: June 9, 2006, 1:36 pm CDT
Posted By: observer
Comment:
thank you Beth.
The OIR has managed to surpress HO rates for years. Insureres can now show the increased direct costs related to reinsurance yet there is still adminstrative resistance.
The three choices you outlined are reality. For an admitied insurer supporting any meaningful kind of rating to continue to write in Florida is at best questionable in light of rate suppression and premium subsides from inland areas to the coast.
Subject: RE: SPARSE
The OIR has managed to surpress HO rates for years. Insureres can now show the increased direct costs related to reinsurance yet there is still adminstrative resistance.
The three choices you outlined are reality. For an admitied insurer supporting any meaningful kind of rating to continue to write in Florida is at best questionable in light of rate suppression and premium subsides from inland areas to the coast.