Posted On: March 26, 2007, 1:00 pm CDT

Posted By: Peter A

Mr. Bishop should know that Citizens is already over extended with their current wind-only exposure. What I believe he's missing here, is that by allowing Citizens to compete for the gravy portion of the business out there, they just might be able to turn a profit in at least one area of their portfolio. Allowing them to expand thier business into select risk exposures will be an improvement over their current insurer of last resort position. Until now, Citizens could only attract misfit business. Properties that others find unacceptable, either because of age or condition or prior claims history. By allowing them to compete for the newer constructed, better constructed, better credit insured's, they dramitically improve their position.