500 Consumers Attend Punta Gorda, Fla. Town Hall Meetings; Gallagher, Insurance Reps Hear Complaints

March 14, 2005

  • March 14, 2005 at 4:02 am
    Tom says:
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    It would be nice to have resources sitting around to handle a one-in-250 year event, but it just isn’t possible. And, it has a real cost to it. So, who is going to pay for these “resources”? Is Gallagher going to require companies doing business in Florida to strip their nationwide operations to handle a hurricane – and ignore all the other policy holders? Or, are the Florida insurance consumers going to pay rates that reflect the cost of these “resources” that sit around just in case maybe someday there’s another major catastrophe? Let’s face it, even if you take into account some poor performance by some companies, these storms were unprecedented. It’s too bad not every claim is settled yet, but let’s really be aware of the magnitude of the task here.

  • March 14, 2005 at 4:20 am
    b altman says:
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    Good point. Of course they will not want to pay for the service that they want. Everybody wants a free lunch in Florida. We have a Guaranty fund that let’s people buy coverage from carriers that can’t meet their obligations. As bad as this past year was, it could have been worse. Imagine a Cat 4 hitting the Tampa Bay area (like Charly was aiming) or hitting the east coast between W. Palm Beach and the Kendall area of Dade County.

  • March 16, 2005 at 8:49 am
    FMKELLER says:
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    IT SEEMS TO ME THAT MOST OF THE UNCLEARNESS CLAIMED BY THE STATE CAME FROM CLAUSES INSERTED INTO POLICIES BY THE STATE AND LAWYERS. tHIS IS AFTER ALMOST 50 YEARS OF BEING AN AGENT AND BROKER



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