Florida Rep. Hits Citizens for ‘Rushing’ Surplus Loan Proposal

By | September 24, 2012

  • September 24, 2012 at 1:56 pm
    Brian says:
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    Representative Artiles is a Public Adjuster. It is apparent he is very concerned he will have to deal with private market insurers in the settlement of claims rather than Citizens. He is supposed to be representing the interests of his constituents rather than his personal interests. He should be taken to task by the media for his stance on this issue. All Floridians are better off with financial stable private market carriers removing policies from Citizens.

    • September 25, 2012 at 8:15 am
      SWFL Agent says:
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      He may have a self serving interest in his opposition to this but we don’t need to loan tax payer money, which is essentially what this is, to companies without a thorough plan. I don’t like the Citizens situation either but I don’t want to de-populate and loan money to companies, just to see it come right back to Citizens a few years later.

      • September 25, 2012 at 12:35 pm
        Mr. Solvent says:
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        I’d normally agree with you SWFL, but these companies need to be in reasonable financial shape BEFORE they get any surplus loan. The additional surplus allows them additional capacity. I don’t think we’ve got another Magnolia or Poe on our hands. Time will tell.

  • September 24, 2012 at 10:34 pm
    Maria says:
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    “We shouldn’t be depopulating if we are not moving this business to financial insecure companies,” Gilway has said.
    Was Maganolia, Northern Capital, Landmark , Argus, Vanguard, Coral Insurance, etc……. Financially Secure??????

    • September 25, 2012 at 12:36 pm
      Mr. Solvent says:
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      Nope, and they weren’t put through the surplus note process that the present insurers are that are being loaned money. This seems better than the traditional takeout approach. This is a takeout/keep out approach.

  • October 9, 2012 at 4:00 pm
    Alicia Gonzalez says:
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    Does anyone have the names of some of the companies accepting former citizen’s customers?



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