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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: Wind only rates

Posted On: January 15, 2007, 1:49 pm CST
Posted By: Ancient City
Comment:
With the exception of some eligible areas in Dade, Palm Beach and Broward counties wind only eligible areas are mostly on the barriers islands. The inadequate rates charged on the Citizens Wind Only policies represent a significant entitlement to affluent residents. Most of the deficit assessment charges are from the deficit of the Wind Only account. So not only are the wind only policyholders getting an unfair entitlement, but the rest of the state is paying for the deficit through policy assessments. What is amazing is that the elected representatives of the wind only residents are pushing so hard to continue the entitlement, regardless of political ilk. Maybe in this day, that's not so amazing.
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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