As far as my experience goes the last few years, rate filing in Florida is political, not statistical. Why any company chooses to do business in Florida any more is a mystery to me.
Although this filing is probably for the AARP program, the main intent is to drive all insurance companies out of Florida and to force all business in to Citizens. This was Gallagher and Bax’s idea from the beginning. Eventually the commisssion would be driven so low that Citizens becomes a direct writer. It’s a matter of time but this will come to pass. Just look at what they are trying to do with Citizens
commissions now. When this happens policyholders will be talking to former McDonalds, Burger King, Wendy’s employees (I mean recent employees, not someone that worked there while they went to school) you fill in the rest for advice on insurance. They ought to give all of the Citizens employees a coinsurance test. Do you think that 5% could pass?
As far as my experience goes the last few years, rate filing in Florida is political, not statistical. Why any company chooses to do business in Florida any more is a mystery to me.
Although this filing is probably for the AARP program, the main intent is to drive all insurance companies out of Florida and to force all business in to Citizens. This was Gallagher and Bax’s idea from the beginning. Eventually the commisssion would be driven so low that Citizens becomes a direct writer. It’s a matter of time but this will come to pass. Just look at what they are trying to do with Citizens
commissions now. When this happens policyholders will be talking to former McDonalds, Burger King, Wendy’s employees (I mean recent employees, not someone that worked there while they went to school) you fill in the rest for advice on insurance. They ought to give all of the Citizens employees a coinsurance test. Do you think that 5% could pass?