Florida’s Citizens Puts Brakes on Surplus Note Program

By | October 12, 2012

  • October 12, 2012 at 1:33 pm
    floridaagent says:
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    I;m sorry which is it 8000 policies a day or 30,000 a month?

    • October 12, 2012 at 1:57 pm
      Cheetoh Mulligan says:
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      It is 8,000 a week. I have seen that stat before.
      Part of this deal should be that Citizens raise their rates so they are not in competition with the takeout companies.

  • October 12, 2012 at 1:40 pm
    Michael Ludwig says:
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    Great info in this article. Jeff Grady from FAIA hits the nail on the head. Our clients are not concerned about the potential for future assessments, they are concerned about their premiums TODAY! Many of the takeout policyholders would eventually end up back in Citizens. Many of my current clients in the private market are all ready considering switching to Citizens simply because the rates are about 25% less!



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