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Floridians Could See Increased Surcharge on Insurance Policies

Southeast News • May 19, 2008
Florida residents could soon be faced with increased surcharges on their home, auto and other insurance policies because the state's catastrophe fund needs more money to pay claims from past ...

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Subject: Guaranty Fund

Posted On: May 20, 2008, 4:59 pm CDT
Posted By: Boring Actuary
Comment:
The insurance industry is the only industry I know that will pay the claims of an insolvent competitor - and that's what the guaranty fund does. The companies who pick up the tab are allowed to recoup that expense over time. The alternative is for all those "poor old people" who bought insurance from a now-insolvent company to have NO COVERAGE AT ALL.

The problem with the insolvent carrier's mismanagement is a separate one.

(And y'all don't need to point out that "boring" and "actuary" are redundant... I know)
Subject Posted By Posted On
RE: RE: Florida residents need to pony up Stat Guy
May 21, 2008, 11:40 am
RE: Surcharge? Robin
May 20, 2008, 11:00 pm
Surcharge? Jack Mehoff
May 20, 2008, 10:50 pm
RE: Good Luck With The Bonds
May 20, 2008, 8:03 pm
RE: STATE FARM,S Nature
May 20, 2008, 7:47 pm
STATE FARM,S Nature
May 20, 2008, 7:30 pm
Guaranty Fund Boring Actuary
May 20, 2008, 4:59 pm
RE: RE: RE: RE: Robin B
May 20, 2008, 3:59 pm
RE: RE: RE: Robin nobody important
May 20, 2008, 3:15 pm
RE: RE: Robin Robin
May 20, 2008, 12:36 pm
RE: Robin Insurer
May 20, 2008, 11:48 am
C'mon David Bill
May 20, 2008, 10:59 am
Robin Wally
May 20, 2008, 10:49 am
RE: This article is terribly written David
May 20, 2008, 10:48 am
RE: RE: RE: RE: RE: This article is terribly written Superjuster
May 20, 2008, 10:45 am
RE: RE: RE: RE: This article is terribly written lastbat
May 20, 2008, 10:14 am
RE: This article is terribly written Robin
May 20, 2008, 10:12 am
RE: RE: RE: This article is terribly written wudchuck
May 20, 2008, 10:10 am
RE: RE: This article is terribly written Pete
May 20, 2008, 10:05 am
RE: This article is terribly written wudchuck
May 20, 2008, 9:58 am
This article is terribly written Ratemaker
May 20, 2008, 9:54 am
RE: Florida residents need to pony up Robin
May 20, 2008, 9:27 am
RE: Florida residents need to pony up wudchuck
May 20, 2008, 7:54 am
Let 'Em Pay Dread
May 20, 2008, 7:54 am
RE: Florida residents need to pony up Stat Guy
May 20, 2008, 7:53 am
Florida residents need to pony up Jason
May 20, 2008, 7:28 am
Human Nature Dread
May 19, 2008, 3:05 pm
Good Luck With The Bonds Tom
May 19, 2008, 1:55 pm
RE: Good Luck With The Bonds Joe
May 19, 2008, 1:55 pm
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