Poe Dropping Storm-Damaged Homes

April 24, 2006

  • April 24, 2006 at 7:42 am
    turquoise gecko says:
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    The Florida Insurance Dept makes it sound like they can\’t do much to stop this company\’s ILLEGAL actions. What is up with that? The commissioner should be using every rule in his/her arsenal to make Poe take care of the customers. Suggesting that they go to Citizens doesn\’t seem to be much of an option.

  • April 24, 2006 at 9:32 am
    Roger Poe says:
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    4-24-2006

    \”[Florida] State law requires insurers to wait 90 days after a home is repaired before dropping a policy.\”

    Would Poe\’s legal department not know about such a business move?

    Can insurers recklessly endanger people with such conduct?

    What possible advantage would there be to ignore the law?

    Can a company anticipate future legal action, that will put them \”out-of-business\” so-to-speak, in certain market segments, so as to cut future investment loss potential, in a publically [perceived] legalistic manner?

    rogerpoegc@yahoo.com

  • April 25, 2006 at 8:35 am
    tribbs says:
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    Would the company not be recklessly endangering people if they renewed the 100,000 plus policies knowing they do not have the capital to pay future losses…You know, if something like a hurricane hit the state?

  • April 25, 2006 at 9:13 am
    Roger Poe says:
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    4-25-2006

    Isn\’t necessarily discontinuing coverage, quite different from…

    1. Dropping policies illegally.

    2. Contempt of the rule of law.

    3. Turning one\’s back on trusting clients.

    …?

    rogerpoegc@yahoo.com



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