Southeast News

Viewing comments for:

Associated Industries of Fla. Cautions Against Citizens' Expansion

Southeast News • March 26, 2007
Associated Industries of Florida is urging the state's insurance officials and budget leaders to proceed with caution as they work toward the overhauling of Citizens Property Insurance Corp. ...

Insurance Journal is not responsible for the content of the message below.

Subject: Citizens

Posted On: March 29, 2007, 5:06 pm CDT
Posted By: Florida retail agent
Comment:
Mary your absolutely right. Citizens gets to assess everyone's policy for it's shortfall. That's why your company (State Farm) would drop you like a hot potato if the State would let them. They don't want to compete in this market either. It's a mess and expanding Citizens is NOT a solution, it's like treating the symptoms, not the cause of a sickness. Reducing Citizens to handle ONLY the wind portion of the property insurance coverage for everybody is an answer. Not unlike California's answer to earthquake coverage (it's purchased directly from the State there) it would initially be expensive, but the costs would lower over time (assuming that we don't have any Hurricanes for a few years) after the State claim fund is reestablished to pre-2004/2005 Hurricane loss levels.
Subject Posted By Posted On
Citizens Florida retail agent
Mar 29, 2007, 5:06 pm
Citizens Mary
Mar 29, 2007, 2:37 pm
Citizens Mark
Mar 26, 2007, 3:34 pm
Solution seems easy to me... Florida Retail Agent
Mar 26, 2007, 3:24 pm
RE: Citizens S Florida agent
Mar 26, 2007, 1:31 pm
Citizens Peter A
Mar 26, 2007, 1:00 pm
Back to article

Post a Comment

.