Congratulations. Can we in the Panhandle apply for admission?
Special Note for our Lattitude Impaired friends; in this context, \”Cracker\” is not a pejorative.
Jeez, I go into a meeting and this thing takes off…
B–I was quoting from the article. The Florida legislature passed legislation to force lower rates by putting the Florida taxpayers on the hook for catastrophe losses, but now they want a national fund to bail them out should a catastrophe occur.
Linda, Don\’t worry I will stay in Tennessee, except when I go to the condo in Florida that I own with a couple of buddies, on which my insurance rates have nearly tripled.
I moved away from my beloved state of Florida in July 2006. One of the prevailing reasons was my rising insurance premiums. When I moved back to my hometown of Merritt Island in 2001 my total annual homeowner\’s premiums were about $800. The same coverage would have cost me over $3000 this year. Thanks to the Citizen\’s fiasco helping the millionaires in Boca Raton & West Palm Beach keep their insurance \”affordable\”, the average working stiff is now getting the screw. I spent 20 years in the Marines and have spent the past 8 years as an insurance professional. I transplanted myself in Las Vegas and my homeowner\’s insurance is now only about $300 per year.
Good question, however I do not have a good answer. I surmise it is because of the way the barber takes the razor to the head, leaving the dome with a pattern similar to the top of a jar. Leatherneck I can explain, that comes from the early Marines wearing a leather collar to prevent sword wounds in battle.
If a National Cat Program charges actuarially sound rates to the various states/localities, no subsidies will result, but neither will significant rate decreases. What FL officials driving this really want is a subsidized program, which is why they don\’t get much support from other states.
Florida legislators and the OIR think the problem is insurer and reinsurer profits, so they keep pushing the private market out of the state with government assessment programs masquerading as insurance. Unfortunately, FL residents will find out soon enough the difference between an actual transfer of hurricane risk and a system of post-event assessments.
For those comparing states, according to Property Insurance Report, Florida ranks 4th in the nation for average Homeowner insurance rates, behind Texas, Louisiana, and Oklahoma. As a percent of median income, Florida is 5th, behind the states above plus Mississippi.
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1860 sqft on 23 acres
it\’s amazing how many time\’s Rosie gets here first to take a jab and ole\’ W. I\’m startin\’ to think she\’s got some sort of wierd crush on him.
Wow. You guys are getting nailed by the taxs up there.
Well, if it ever gets too bad there\’s always a barrel and Niagra Falls. :-)
Its Friday!! Ready??..
100,000 bottles of beer on the wall, 100,000 bottle of beer, take one down, pass it around, 99,999 bottles of beer on the wall
Congratulations. Can we in the Panhandle apply for admission?
Special Note for our Lattitude Impaired friends; in this context, \”Cracker\” is not a pejorative.
Jeez, I go into a meeting and this thing takes off…
B–I was quoting from the article. The Florida legislature passed legislation to force lower rates by putting the Florida taxpayers on the hook for catastrophe losses, but now they want a national fund to bail them out should a catastrophe occur.
Linda, Don\’t worry I will stay in Tennessee, except when I go to the condo in Florida that I own with a couple of buddies, on which my insurance rates have nearly tripled.
I moved away from my beloved state of Florida in July 2006. One of the prevailing reasons was my rising insurance premiums. When I moved back to my hometown of Merritt Island in 2001 my total annual homeowner\’s premiums were about $800. The same coverage would have cost me over $3000 this year. Thanks to the Citizen\’s fiasco helping the millionaires in Boca Raton & West Palm Beach keep their insurance \”affordable\”, the average working stiff is now getting the screw. I spent 20 years in the Marines and have spent the past 8 years as an insurance professional. I transplanted myself in Las Vegas and my homeowner\’s insurance is now only about $300 per year.
I have always wondered why marines are called jarheads? Care to explain? Yes I admit it I am military ignorant.
Good question, however I do not have a good answer. I surmise it is because of the way the barber takes the razor to the head, leaving the dome with a pattern similar to the top of a jar. Leatherneck I can explain, that comes from the early Marines wearing a leather collar to prevent sword wounds in battle.
If a National Cat Program charges actuarially sound rates to the various states/localities, no subsidies will result, but neither will significant rate decreases. What FL officials driving this really want is a subsidized program, which is why they don\’t get much support from other states.
Florida legislators and the OIR think the problem is insurer and reinsurer profits, so they keep pushing the private market out of the state with government assessment programs masquerading as insurance. Unfortunately, FL residents will find out soon enough the difference between an actual transfer of hurricane risk and a system of post-event assessments.
For those comparing states, according to Property Insurance Report, Florida ranks 4th in the nation for average Homeowner insurance rates, behind Texas, Louisiana, and Oklahoma. As a percent of median income, Florida is 5th, behind the states above plus Mississippi.