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Insurers Slam Florida Citizens Expansion Bill

Southeast News • April 10, 2007
The larger the Citizens Property Insurance Corp. becomes, the greater the financial crisis that could occur when a major storm hits Florida, insurers cautioned this week. That message from the ...

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Subject: RE: Citizens Makes A Profit!!

Posted On: April 11, 2007, 9:39 am CDT
Posted By: Mike
Comment:
Well, I guess if you look at it in snapshots, anybody can make a profit. However, their surplus is not nearly enough to support their TIV. And, they have no reinsurance expense which can be as high as .60 on the dollar for private markets. And is the 8 billion cash in hand, or does it include all of their approved credit facilities? Big difference.

This company, which in most cases is allowed to charge higher premiums than it's competitors for the same exposure, is not profitable in any way when you look at the total picture. The reinsurance costs are a massive advantage, as is the right to pass on losses to the private market. This "company" is a sham, and needs to be shut down. But I doubt anyone in management is about to give up all of the sweet government jobs that have been created.
Subject Posted By Posted On
RE: Rate difference Linda
Apr 16, 2007, 1:04 pm
I told you so!!! another bob
Apr 16, 2007, 12:41 pm
What a mess bureaucrats create Rich
Apr 16, 2007, 12:32 pm
RE: Citizens Makes A Profit!! Tom
Apr 16, 2007, 12:29 pm
Rate difference WK
Apr 16, 2007, 12:28 pm
RE: RE: Citizens Makes A Profit!! Tom
Apr 16, 2007, 12:26 pm
Re: I told you so Skeptical
Apr 11, 2007, 10:44 am
I told you so Larry Burkhead
Apr 11, 2007, 10:18 am
RE: RE: RE: Citizens Makes A Profit!! Linda
Apr 11, 2007, 10:15 am
RE: RE: Citizens Makes A Profit!! Dawn
Apr 11, 2007, 9:52 am
RE: Citizens Makes A Profit!! Mike
Apr 11, 2007, 9:39 am
Citizens Makes A Profit!! Ancient City
Apr 11, 2007, 8:41 am
RE: RE: RE: Cost per square foot. KAT
Apr 11, 2007, 8:37 am
RE: RE: Cost per square foot. Dawn
Apr 11, 2007, 8:29 am
w234@ wkj lr
Apr 11, 2007, 2:24 am
bail out Make the call!!
Apr 11, 2007, 1:45 am
RE: RE: RE: RE: RE: bail out Faith
Apr 11, 2007, 1:37 am
RE: RE: RE: RE: bail out You choose
Apr 10, 2007, 10:45 pm
?' History
Apr 10, 2007, 9:28 pm
And if the PLASTIC PIPE'S MELT IN THE FOUNDATION?' Fred F.
Apr 10, 2007, 5:26 pm
RE: RE: Cost per square foot. nne
Apr 10, 2007, 5:24 pm
RE: Cost per square foot. Bob
Apr 10, 2007, 3:51 pm
RE: RE: Cost per square foot. Retail Florida Agent
Apr 10, 2007, 3:50 pm
RE: RE: Cost per square foot. Jewel
Apr 10, 2007, 3:50 pm
RE: RE: RE: bail out Joe Johnson
Apr 10, 2007, 3:48 pm
RE: Cost per square foot. Still another Bob
Apr 10, 2007, 3:43 pm
Cost per square foot. Florida Retail Agent
Apr 10, 2007, 3:27 pm
Solution to the problem. Florida Retail Agent
Apr 10, 2007, 3:23 pm
RE: RE: RE: RE: Question Bob , Joe Johnson
Apr 10, 2007, 3:18 pm
RE: RE: RE: bail out Jewel
Apr 10, 2007, 3:15 pm
RE: RE: bail out OmniSure
Apr 10, 2007, 3:13 pm
RE: RE: bail out Jewel
Apr 10, 2007, 3:10 pm
Right On SWFL Homeowner Linda
Apr 10, 2007, 3:08 pm
RE: bail out SWFL homeowner
Apr 10, 2007, 2:59 pm
RE: RE: RE: Question Bob , PLJ
Apr 10, 2007, 2:35 pm
bail out another bob
Apr 10, 2007, 2:34 pm
RE: RE: RE: Question Bob , Joe Johnson
Apr 10, 2007, 2:03 pm
RE: RE: Question Bob , Craig
Apr 10, 2007, 1:38 pm
RE: Question Bob , Linda
Apr 10, 2007, 1:24 pm
Choice / FIGA Danny
Apr 10, 2007, 1:22 pm
Question Bob , Just wondering
Apr 10, 2007, 1:06 pm
Which Company Bob
Apr 10, 2007, 11:37 am
RE: Which company to choose? Someone Who Has Reason to Know
Apr 10, 2007, 10:35 am
Which company to choose? SWFL homeowner
Apr 10, 2007, 9:57 am
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