Florida Hurricane Fund Has $17 Billion in Cash for Claims

May 20, 2010

  • May 20, 2010 at 8:17 am
    wudchuck says:
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    did we not see previous articles, where they still did not have enough funds to pay for claims back in 2005 and ’06? now, they have funds? if they have so much, then why do they still need to have this fund going? sounds to me like politics is speaking from the wrong side and so is the hurricane fund.

    so which is it? are their still claims that have not been paid? is there truly this much money available?

  • May 20, 2010 at 12:33 pm
    Mr. Solvent says:
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    The last time I checked bonding ability IS NOT cash!

  • May 20, 2010 at 12:47 pm
    Serge Strong says:
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    Typical with the government in the insurance business. I think we should all ask Obama to take over our Cat Funding instead of our health insurance. Probably be just as profitable for the government.

  • May 20, 2010 at 1:08 am
    Arthro says:
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    It’s like Charlie Crist has finally solved all the problems with the Florida property insurance market!!! Praise the Lord! Now we can all relax because the state has the ability to BORROW $25 billion when we get the next hurricane.

    Don’t politicans sometime make you ill?

    This is a scam. It ‘s $1400 per person in Florida that will have to be paid back through assessments. No, it doesn’t include that $693 million additional assessment for 2005 hurricanes.

    The best spin doctors are often in our govt, trying to convince us they have all the answers. What a joke!!!

    By the way, IJ got the headline wrong. They don’t have $17 billion in cash. They just have a big fat credit card.

  • May 20, 2010 at 1:28 am
    kathy says:
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    I haven’t had a good laugh in a while so I had to check out what ya’ll (that’s REAL Floridian talk) have been *****in about and well as I can see nothing has changed. They could say there was a 100% chance of no hurricanes and you all would still be na-sayers. There is no good in the insurance industry, no fairness, no honesty, and for sure you all are dooms-dayers! Hope you all enjoy your pathetic jobs and keep up all your bad predictions each year, it sure has brought us Floridians lots of sunshine and no storms, cuz God’s laughing at you!

  • May 20, 2010 at 2:24 am
    Mr. Solvent says:
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    How are those added fees on your home and auto insurance treating you Kathy? It’s not the insurance companies imposing them on you. It’s not insurance agents imposing them on you. Who does that leave?

  • May 20, 2010 at 3:24 am
    Astounded says:
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    Dost thou hear a resounding clap of thunder in Kathy’s direction when the wind blows????

    One little Cat 1, we can even name it after Kathy, then we’ll see who is laughing.

    ……strolls off shaking head

  • May 20, 2010 at 3:36 am
    TN says:
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    Wow Kathy, how long have yah lived in Florida? I mean were you here in 2005? 1992? I know I was. Hurricanes are no laughing matter, and the state of our property insurance (or lack thereof) is even worse. I’ve lived in South Florida over 20 years and I’ve seen up close and personal what these storms can do, and one good CAT3/4 over the central part of the state from the Atlantic side or even a CAT2 dancing it’s way across the middle of Broward County from the Atlantic side and you’ll be able to hear the collective crash of the Florida economic structure all the way to Detroit. Y’all can bet on that.

  • May 20, 2010 at 3:55 am
    We DO enjoy our jobs!! says:
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    “There is no good in the insurance industry, no fairness, no honesty, and for sure you all are dooms-dayers! Hope you all enjoy your pathetic jobs and keep up all your bad predictions each year,…”
    Heck yeah we enjoy our jobs!! Oh.., BTW, there is more fairness, honesty and less dooms-dayers in the INSURANCE industry than in the PREDICTOR’S industry. What do you do for a living?

  • May 21, 2010 at 7:00 am
    Flori Duh says:
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    By the time the adjusters and slimy attorneys get their greedy hands on the 17 billion we will all be broke. Look how easy it was for these clowns to mop up new roofs at all the taypayers expense. Just wait until the wind blows.

  • May 21, 2010 at 7:18 am
    wudchuck says:
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    first of all, i used to live in key west when andrew blew through. i lived through 3 hurricanes prior to that. so i understand both the ins and outs of this devastating storm.

    most insurance companies are honest and fair. it only takes a few bad apples to lay claim that all insurance companies have no clue, but in the state of florida, the govn’r has not clue.

    lawyers make it bad because they are money hungry happy folks and get the money first no matter what… either from his client or the defendant…



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