This is going to be a wonderful lesson in history. Florida is too far gone to pull themselves out of this mess.
Charlie Crist will keep up this nonsense. Florida will browbeat the insurers and the insurers WILL pull out (it has happened in Massachusetts and New Jersey, 2 other states who thought that they could browbeat the industry).
Florida will come back with its tail between its legs (so to speak). Louisiana and MISSISSIPPI pay attention!!!
These guys are beyond belief! Having grossly screwed up the first time, they apparently think that more of the same will solve the problem, instead of seriously looking at what they did wrong in the first place.
The bogus class action threats or theory of “make executives testify under oath” is unproductive at best, idiotic at worst.
Everyone in the industry knew the 2007 plan wouldn’t work, nobody in the industry promised the alleged 24% rate reductions, and there just plain isn’t any collusion involved.
Florida is simply trying to avoid the hard truths about their situation and look for a scapegoat and an easy way out. They better hope that there aren’t any major storms before the bond market fiasco works itself out, of the state runs the risk of bankrupting itself along with any insurers who expect to recover reinsurance proceeds from the Fund.
It’s nonsencse like this that make me wish we’d lost the Civil War – FL, LA, MS, AL, GA, SC, AR & NC good riddance !
Need Texas for comedy relief and good barbaque
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This is going to be a wonderful lesson in history. Florida is too far gone to pull themselves out of this mess.
Charlie Crist will keep up this nonsense. Florida will browbeat the insurers and the insurers WILL pull out (it has happened in Massachusetts and New Jersey, 2 other states who thought that they could browbeat the industry).
Florida will come back with its tail between its legs (so to speak). Louisiana and MISSISSIPPI pay attention!!!
These guys are beyond belief! Having grossly screwed up the first time, they apparently think that more of the same will solve the problem, instead of seriously looking at what they did wrong in the first place.
The bogus class action threats or theory of “make executives testify under oath” is unproductive at best, idiotic at worst.
Everyone in the industry knew the 2007 plan wouldn’t work, nobody in the industry promised the alleged 24% rate reductions, and there just plain isn’t any collusion involved.
Florida is simply trying to avoid the hard truths about their situation and look for a scapegoat and an easy way out. They better hope that there aren’t any major storms before the bond market fiasco works itself out, of the state runs the risk of bankrupting itself along with any insurers who expect to recover reinsurance proceeds from the Fund.
It’s nonsencse like this that make me wish we’d lost the Civil War – FL, LA, MS, AL, GA, SC, AR & NC good riddance !
Need Texas for comedy relief and good barbaque