Southeast News
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Fla. Senate Makes Recommendations on Property Insurance Accountability
Southeast News • March 14, 2008
The Florida Senate Select Committee on Property Insurance Accountability wants to restrict reinsurance costs in rates and strengthen the excess profits law among other things.
Co-chaired by Sen. ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Answers and Comments | Actuary | Mar 17, 2008, 11:34 am |
| RE: RE: A prediction - excess profits | Ratemaker | Mar 17, 2008, 7:49 am |
| RE: RE: They forgot to add an excess losses law | Wishful Thinker | Mar 15, 2008, 4:42 am |
| RE: They forgot to add an excess losses law | Lori | Mar 14, 2008, 5:33 pm |
| state cap insurance rates | jake38 | Mar 14, 2008, 1:58 pm |
| RE: A prediction | caffiend | Mar 14, 2008, 1:47 pm |
| A prediction | caffiend | Mar 14, 2008, 1:44 pm |
| RE: RE: Property Insurance | Mark | Mar 14, 2008, 1:24 pm |
| RE: Property Insurance | Mark | Mar 14, 2008, 1:20 pm |
| RE: Hunter Heaven | ES | Mar 14, 2008, 1:10 pm |
| Property Insurance | two cents worth | Mar 14, 2008, 12:45 pm |
| Hunter Heaven | Nobody Important | Mar 14, 2008, 12:03 pm |
| They forgot to add an excess losses law | Steve | Mar 14, 2008, 11:20 am |
| Back to article | ||
Subject: A prediction
What gets me are some of the recommendations such as this one:
"Require rates be based on hurricane loss models approved by Commission on Hurricane Loss Projection Methodology"
So WHOM is on this commission? And how are they going to develop these models? Using what data?
And this one:
"Require or authorize the FOIR to adopt rules establishing standards for allowable profit and contingency factors in rate filings"
Exactly what do they define as allowable profit? WHOM will be doing the determining? and what will be defined as excess profit?
Any ideas? Comments?