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A.M. Best, Insurers Concerned over Florida's Catastrophe Fund Capabilities

Southeast News • October 16, 2008
The Florida Hurricane Catastrophe Fund Advisory Council recently presented its 2008 October bonding estimates, rattling the nerves of insurers in the process. While David Sampson, president and ...

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Subject: What a surprise!

Posted On: October 17, 2008, 1:51 pm CDT
Posted By: Tom
Comment:
Well, does everyone remember not so long ago when the OIR was castigating insurers for buying more traditional reinsurance and not passing on the elusive "savings" on the reinsurance bill to the consumers?

Gee, what a surprise! It sure didn't take an Einstein to figure out that the Fund is absolutely unreliable, and that eventually the hole in any participating insurer's reinsurance coverage would attract attention.

Let's just hope we get through this season without another big storm, but don't count on the Florida Legislature to learn a thing from this experience.
Subject Posted By Posted On
RE: Free market economy Bill
Oct 17, 2008, 11:14 pm
What a surprise! Tom
Oct 17, 2008, 1:51 pm
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