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Florida Domestic Insurers Have Backup Plans If State Hurricane Funds Slow

Southeast News • May 7, 2009
Most of Florida's smaller domestic property insurers have initiated backup financing plans in the event the state-backed hurricane fund can't meet its obligations right after a major storm ...

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Subject: Domestics

Posted On: May 7, 2009, 9:51 am CDT
Posted By: Robert
Comment:
So let's get this straight. Potentially 20% of the current Florida based domestic market will be downgraded and others are looking to reduce exposure. Based on Demotech's memo dated 3/18/09, 15 carriers are looking to reduce exposure in the state of Florida. Combine these carriers represent 50% of the domestic market.

Am I the only one concerned about this issue??? Granted these 25 carriers might only insure 100k homes in the state but the bigger problem is Kevin McCarty and Gov Crist were counting on these carriers to write the 1 million people being dropped by State Farm. The people of Florida need to wake up and smell the stench coming out of Tallahassee.
Subject Posted By Posted On
RE: RE: RE: Non-Admitted? George
May 11, 2009, 12:45 pm
RE: RE: Non-Admitted? Company Gal
May 11, 2009, 12:07 pm
RE: Non-Admitted? George
May 11, 2009, 11:37 am
Non-Admitted? Company Gal
May 11, 2009, 11:18 am
RE: What about non-admitted, Best A rated jake
May 8, 2009, 10:22 am
RE: RE: Domestics Bill
May 8, 2009, 9:55 am
WOWWWWWWWWWWWW Run Like Hell
May 7, 2009, 8:34 pm
What about non-admitted, Best A rated Company Gal
May 7, 2009, 7:11 pm
It just sucks agent
May 7, 2009, 5:50 pm
RE: Domestics Sam
May 7, 2009, 3:31 pm
Democrap Joker
May 7, 2009, 3:29 pm
THIS IS LAUGHABLE IF IT WAS NOT SO SERIOUS! Bill
May 7, 2009, 3:17 pm
Demotech Worried
May 7, 2009, 1:15 pm
Domestics Robert
May 7, 2009, 9:51 am
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