I was not aware that Progressive sold homeowners insurance in any state. Do they?
The bill states that if an insurance comapny sells auto and homeowners in any other state that they will be required to sell homeowners insurance in FL unless they have a subsidiary company selling homeowners insurance in FL already.
What I recall hearing was Prog associated with Homesite Ins whereby Homesite would issue the policies on Homesite paper in AZ, MN and OH and Prog supposedly [not real sure on this] had some type of quota share reins interest in the product. If true, I don\’t see how that would trigger the new Fla law. Then again, I guess we all wait and see.
Just another crackpot, unworkable piece of legislation from crackpot politicians. These guys will be popular as long as we have a quiet hurricane season. When another 2004-2005 hits, the voters who voted these jokers in will be angry about the mega$$$$$ surcharges that are levied to pay these very same voters\’ claims.
Can anyone elaborate on this?
\”Prevents insurance companies from raising rates without state approval, from dropping policyholders during hurricane season and from delaying payment of claims. Insurers are required to allow coverage options and installment payments for premiums. The Insurance Consumer Advocate is to provide a consumer rating for each insurance company for Floridians\’ consideration when choosing an insurance company.\”
..I thought there were already laws that prevent insurance companies from raising rates without state approval, from dropping policyholders during hurricane season and from delaying payment of claims. Any one know what the new law says about requiring insureres to offer installment payments? For instance, what installments msut be offered? Does it apply to all insurance, or just some lines? And who or what is the \”Consumer Advocate\” and how is the rating determined for each company?
How is Gov. Crist Property insurance law
enforced in 2007?
Insurance companies are quoting me outrageous rates. Tower Hill Ins. Co. dropped me and all (1) family homes. I received a quote for Citizens Ins., but was told that I need a Wind Mitigation Inspection by a state licensed inspector.
My house is (3) years old and considered new. Citizen Ins. can access PBCgov.com\\papa for detailed info on my house pertaining to the hip roof and S tile. Why should I have to pay an inspector $200.00 for for information that is in the public domain. My current coverage expires 2/10/07.Your response is anticipated and very much appreciated. my e-mail..Mission144@aol.com
This is nothing but a populist posturing and worthy of a Democrate rather than a Republican. Losses probabilities and past loss history and reinsurance costs drive rates not legislatures. Anyone remember Hurricane Andrew? Insufficient rates drove some companys out of business. The long term result of this folly will be less insurance availability and more costs laid to the taxpayers.
Unreal. Instead of increasing premiums on the coast where they should be increased, they have cut them. Look out Mr. and Mrs. taxpayer, storm season is 4 months away and those million dollar coastal homes are right in the path! By the way, several of the most powerful politicos, including Charlie Crist are from coastal areas. Hmmmm.
I just want to thank you for making up my mind to move out of Florida. I have Liberty Mutual Insurance and I can’t believe how the florida legislature has conned the people by allowing insurance companies to charge a surcharge Cat fund. We Pay our insurance monthly and Liberty Mutual base their year on eleven months,and charge an interest rate for each month.Now Florida legislature needs time to access reductions. We the get no time to access anything. The politicians greatest claim to fame is raise taxes.How about thinking in a direction that will benefit the people. Like State operated concessions. Example, Amusement parks, Delaware has no taxes,the horse racing tract pays the taxes.The worse part of this all,is the negative attitude.Like if you don,t like it,too bad.I predicted the exodus of florida a long tima ago.The only thing that kept me here was my wife.Now I take over.Crimes are invented here in florida faster than the law can jail them.We need the seasonal weather to get the germs out of our system.Thanks for nothing !
NO MY TAX$$FOR A TRAIN WE STILL PAYING FOR THE METRO RAIL IN MIAMI.NO MY TAX$$ FOR ANY GREEN OR ANY OTHER PROJECTS THAT WILL COST US MONEY. DRILL IS WHAT YOU NEED TO DO AND STOP PLAYING ALI-OBAMA AND THE 40 THEIFT THEIR GAMES WE DIDN’T VOTE FOR YOU TO BE A LIBERAL DEMOCRAT.MY FAMILY A BIG ROOTS IN MIAMI SINCE 1959.
A LOT OF VOTES FOR WHO IS REALLY TRULY FOR THE PEOPLE OF FLORIDA.
And Progressive…
I was not aware that Progressive sold homeowners insurance in any state. Do they?
The bill states that if an insurance comapny sells auto and homeowners in any other state that they will be required to sell homeowners insurance in FL unless they have a subsidiary company selling homeowners insurance in FL already.
God help the people of FL… and, since there is no God in Government, let the festive government meet the whirlwind head on.
What I recall hearing was Prog associated with Homesite Ins whereby Homesite would issue the policies on Homesite paper in AZ, MN and OH and Prog supposedly [not real sure on this] had some type of quota share reins interest in the product. If true, I don\’t see how that would trigger the new Fla law. Then again, I guess we all wait and see.
Just another crackpot, unworkable piece of legislation from crackpot politicians. These guys will be popular as long as we have a quiet hurricane season. When another 2004-2005 hits, the voters who voted these jokers in will be angry about the mega$$$$$ surcharges that are levied to pay these very same voters\’ claims.
Can anyone elaborate on this?
\”Prevents insurance companies from raising rates without state approval, from dropping policyholders during hurricane season and from delaying payment of claims. Insurers are required to allow coverage options and installment payments for premiums. The Insurance Consumer Advocate is to provide a consumer rating for each insurance company for Floridians\’ consideration when choosing an insurance company.\”
..I thought there were already laws that prevent insurance companies from raising rates without state approval, from dropping policyholders during hurricane season and from delaying payment of claims. Any one know what the new law says about requiring insureres to offer installment payments? For instance, what installments msut be offered? Does it apply to all insurance, or just some lines? And who or what is the \”Consumer Advocate\” and how is the rating determined for each company?
How is Gov. Crist Property insurance law
enforced in 2007?
Insurance companies are quoting me outrageous rates. Tower Hill Ins. Co. dropped me and all (1) family homes. I received a quote for Citizens Ins., but was told that I need a Wind Mitigation Inspection by a state licensed inspector.
My house is (3) years old and considered new. Citizen Ins. can access PBCgov.com\\papa for detailed info on my house pertaining to the hip roof and S tile. Why should I have to pay an inspector $200.00 for for information that is in the public domain. My current coverage expires 2/10/07.Your response is anticipated and very much appreciated. my e-mail..Mission144@aol.com
This is nothing but a populist posturing and worthy of a Democrate rather than a Republican. Losses probabilities and past loss history and reinsurance costs drive rates not legislatures. Anyone remember Hurricane Andrew? Insufficient rates drove some companys out of business. The long term result of this folly will be less insurance availability and more costs laid to the taxpayers.
Unreal. Instead of increasing premiums on the coast where they should be increased, they have cut them. Look out Mr. and Mrs. taxpayer, storm season is 4 months away and those million dollar coastal homes are right in the path! By the way, several of the most powerful politicos, including Charlie Crist are from coastal areas. Hmmmm.
The admitted insurance companies presently writing in Florida are about to bail out leaving only Citizens and non-admitted carriers.
The recent bill is going wreak havok on the citizens of Florida.
I just want to thank you for making up my mind to move out of Florida. I have Liberty Mutual Insurance and I can’t believe how the florida legislature has conned the people by allowing insurance companies to charge a surcharge Cat fund. We Pay our insurance monthly and Liberty Mutual base their year on eleven months,and charge an interest rate for each month.Now Florida legislature needs time to access reductions. We the get no time to access anything. The politicians greatest claim to fame is raise taxes.How about thinking in a direction that will benefit the people. Like State operated concessions. Example, Amusement parks, Delaware has no taxes,the horse racing tract pays the taxes.The worse part of this all,is the negative attitude.Like if you don,t like it,too bad.I predicted the exodus of florida a long tima ago.The only thing that kept me here was my wife.Now I take over.Crimes are invented here in florida faster than the law can jail them.We need the seasonal weather to get the germs out of our system.Thanks for nothing !
NO MY TAX$$FOR A TRAIN WE STILL PAYING FOR THE METRO RAIL IN MIAMI.NO MY TAX$$ FOR ANY GREEN OR ANY OTHER PROJECTS THAT WILL COST US MONEY. DRILL IS WHAT YOU NEED TO DO AND STOP PLAYING ALI-OBAMA AND THE 40 THEIFT THEIR GAMES WE DIDN’T VOTE FOR YOU TO BE A LIBERAL DEMOCRAT.MY FAMILY A BIG ROOTS IN MIAMI SINCE 1959.
A LOT OF VOTES FOR WHO IS REALLY TRULY FOR THE PEOPLE OF FLORIDA.