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Florida-based Homeowners Choice Takes-out More Citizens Policies

Southeast News • September 5, 2008
Homeowners Choice Inc., a Clearwater, Florida-based homeowners' insurer, announced that its wholly-owned insurance subsidiary, Homeowners Choice Property & Casualty Co. Inc., received approval ...

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Subject: Lets clear this up a little

Posted On: September 5, 2008, 3:24 pm CDT
Posted By: JR
Comment:
First let me say that I agree that the industry is not healthy and all these minimum capital carriers are dangerous. But $128 per policy would require all 90,000 policies to have a claim. This is certainly not likely. But lets say that only 5000 policies have a claim. then we have $2320 for each house (on average)
Why do we allow a carrier to carry so much exposure and have such little surplus? sure reinsurance pays out but come on, aren't we just kidding around here.
Subject Posted By Posted On
RE: Lets clear this up a little Ratemaker
Sep 8, 2008, 10:07 am
It is a Joke NoOne
Sep 6, 2008, 8:05 am
Lets clear this up a little JR
Sep 5, 2008, 3:24 pm
What a joke! Bill
Sep 5, 2008, 1:51 pm
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