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Fla. Lawmakers Face Balancing Act in This Week's Insurance Session

Southeast News • January 15, 2007
Florida lawmakers wish they could simply outlaw hurricanes. That would solve the state's insurance crisis. Unfortunately, changing the weather seems easier than what legislators have on their ...

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Subject: Citizens Insurance On All Perils

Posted On: January 15, 2007, 1:01 pm CST
Posted By: John Doe
Comment:
The only thing worse than Citizens providing the windstorm coverage is having Citizens on all the perils including fire, theft, etc. Citizens is difficult to do business with on claims, however, at least now you only have to deal with them after a hurricane, how would you like watered down and over priced coverage on your entire hazard insurance policy.

The State of Florida needs to find a way to entice the national carriers to step back into the market and prevent insurance companies from cherry picking the newest homes.

The quick fix of inadequate rates and no reseves may make everyone happy in the short run, but what happens when we have several storms in a row again or a major storm in a highly populated area?

We need a federal backstop or a national catastrophe plan.

JD
Subject Posted By Posted On
National insurance plan delpat
Jan 16, 2007, 11:09 am
RE: RE: Wind only rates Ancient City
Jan 16, 2007, 9:15 am
RE: Wind only rates Response
Jan 15, 2007, 3:56 pm
Wind only rates Ancient City
Jan 15, 2007, 1:49 pm
Citizens Insurance On All Perils John Doe
Jan 15, 2007, 1:01 pm
Property Owners of the World Unite! Karl Marx
Jan 15, 2007, 8:42 am
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