Perhaps Citizens and all the others will bail out the Poe Financial Group for undercutting all these years. Those greedy coffers get $200 a policy on takeouts, grease the palms of the FLDFS and then cut commissions to a measly 5%.
It’s amazing that legislators haven’t figured out that rates aren’t high enough in So. Florida and therefore private-market insurers don’t won’t to write there. So, we’ll keep the rates low for Citizens so that people can purchase underpriced insurance. When we have a loss or two this summer, the non-Citizen policyholders can then subsidize the Citizen policyholders, just like what’s going to happen for 2004. Where’s the logic?
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Perhaps Citizens and all the others will bail out the Poe Financial Group for undercutting all these years. Those greedy coffers get $200 a policy on takeouts, grease the palms of the FLDFS and then cut commissions to a measly 5%.
What gives?
Poe is the next Aries under our noses
It’s amazing that legislators haven’t figured out that rates aren’t high enough in So. Florida and therefore private-market insurers don’t won’t to write there. So, we’ll keep the rates low for Citizens so that people can purchase underpriced insurance. When we have a loss or two this summer, the non-Citizen policyholders can then subsidize the Citizen policyholders, just like what’s going to happen for 2004. Where’s the logic?
Unfortunately, it would be good news if Poe is no worst than what happened with Aries situation. I’m afraid that it’s going to be much worst.