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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: RE: RE: Wind only rates

Posted On: January 16, 2007, 9:15 am CST
Posted By: Ancient City
Comment:
Nice try, Response, but there are approximately 403,509 policies in the High Risk Account (Wind Only). There are only 6,000 polices with insured values over $1 million. So the over $1 million segment is insignificant to the whole. The average insured value for the High Risk Account is $441,000, which is significantly higher than the average in Florida and the Citizens Personal Lines Account (Full perils) of $184,424. Let's just say the inadequate wind only rates are entitlement for owners of property with insured values over the average.
Still the balance of the state has to support, thru assessments, those inadequate rates. Also I am sure that the property taxes on these properties are norht of the insurance cost.
No bashing, just no spin either.
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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