That’s a very bad idea. Leaving rates low makes Citizens an “attractive nuisance” instead of a market of last resort. They need to get in gear and move the rates up like many of our FL HO carriers, 20-35%
They should change the law so you have to prove that you cannot find insurance in the admitted market before you’re eligible be written in Citizens. The fact that your primary market premiums are ridiculous because you are a borderline uninsurable risk doesn’t mean you should be subsidized by the other policyholders in the state.
That’s a very bad idea. Leaving rates low makes Citizens an “attractive nuisance” instead of a market of last resort. They need to get in gear and move the rates up like many of our FL HO carriers, 20-35%
They should change the law so you have to prove that you cannot find insurance in the admitted market before you’re eligible be written in Citizens. The fact that your primary market premiums are ridiculous because you are a borderline uninsurable risk doesn’t mean you should be subsidized by the other policyholders in the state.