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Florida's Citizens Secures $1.75 Billion for its High Risk Account

Southeast News • June 20, 2008
Florida's state-backed Citizens Property Insurance Corp., says it has secured pre-event financing of $1.75 billion for its high risk account. This amount is in addition to the $1.6 billion bank ...

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Subject: Simply amazing

Posted On: June 20, 2008, 2:51 pm CDT
Posted By: Stan
Comment:
It is really disturbing that this story paints Citizens as financially solvent and able to handle anything other than a small event storm. Lets not forget that we still have assessments for the next 8 years to pay back POST-EVENT for claims in 2004-2005
This carrier has rates frozen for the next 18 months, pretty good policy forms compared to the take out companies, and the ability to push the losses on to the backs of everyone else when they have to pay a claim. I'm sorry but what are the elected officials thinking when they allow, no create this kind of mess. Remember this in November when we can clean house (& Senate) of some of the idiots in Tallahassee. The Government sucks at everything it does, why do we allow them to screw up insurance as well?
Subject Posted By Posted On
RE: RE: RE: RE: Simply amazing smc
Jun 23, 2008, 12:57 pm
RE: RE: RE: Simply amazing T.H.
Jun 21, 2008, 10:01 pm
RE: RE: Simply amazing wudchuck
Jun 21, 2008, 4:08 pm
RE: Simply amazing jb
Jun 20, 2008, 8:21 pm
Simply amazing Stan
Jun 20, 2008, 2:51 pm
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