All of your posts make alot of sense however here is some food for thought!
1. Ever compare a vacation in Florida to any other State on the coast? Oh My god!! Twice as much and you get less.
2. Ever invest in drilling a well, anywhere? Cost alot more than consumers think. If you dont know youd be surprised. Alot of the are dry holes too.
3. Why doesnt the government jump in and mandate oil drilling off the other coast lines. Louisiana and Texas have certainly done their share. What about California or Florida? 150 mile sanctuary! Give me a break.
4. Lastly, the cost of property, just because of the veiw, is way out of hand like Gas prices, Taxes, food, lumber, and yes Insurance except Insurance hasnt taken annual increases like all other industrys because they normally dont need to. We , as Americans, are spoiled. All, we Americans know how to do is complain.
Way to go Kevin! Don\’t let those pirates increase rates! After you are done denying this latest rate increase I\’d suggest you go after those greedy oil companies. I\’d suggest $1 a gallon gas is a good place to start.
Like Doherty I may have to move if gas prices and my homeowners keeps increasing.
I just love how effective and truly proactive your leadership style is. Theres nothing populist about you! Always looking out for the little guy.
That\’s the same Kevin who won\’t let Citizens raise their rates in Monroe County and the Florida Keys. Maybe he is right. What are the odds that a hurricane will hit there this year?….
Way to go Phil – you want companies to use profits generated by other states to subsidize YOUR decision to live in Florida? Not the way it works, buddy. People who choose to live in, for example, Iowa, shouldn\’t pay for out-of-code seashore homes in Florida. In fact, rate filings aren\’t allowed – by law – to try and recoup losses from other states or past years. Each state has to stand on its own in terms of rates. So, when you want to live on the ocean that is a factor you need to consider. And you bet, companies are going to try and shield their assets from a disaster in a state that over-regulates, and then decides the proper solution is MORE regulation. As long as that regime is in office, it ain\’t going to get any better.
Oh sure, everyone bitches that their insurance rates keep going up, right, and well they should, for those who want to live in Florida, Gulf Coast, Carolina Coast, love that flat land, next to the water, or slightly inland, and then buy houses that are neither hurricane proof or have the capacity to stand up to flood or storm surge. Then everyone expects the Federal Government to bail them out.
Of course the insurance industry with their cat models which haven\’t been right ever, and whose greed for market share continues in what has been and continues to be a soft market, can do nothing but scream that their rates are too low, reinsurnace costs are too high. How about thinking out side of the box, and start to figure out how you actually handle catastrophic loss, in stead of pointing fingers, moaning and looking for Governmental assistance.
Anguilla, BWI, hasn\’t lost a house that has been built in the past twenty years to a hurricane. Some damage, slight, loss of palm trees of course, but the dwelling, never. Why, they build houses with a minimum of 6\” steel reinforced concrete with roofs an integral part of the dwelling, windows double offset with storm shutters, decorative tile is concrete down, attractive, you betcha.
And while you\’re at it, stop grousing about the price of gasoline, and start lobbying for drilling the slope, perhaps a new refinery ( haven\’t built one in what 30 years) wind energy..oh no Mr. Bill, we\’ll ruin the alaskan hare..
You want to live in potentially catastrophic communities, get used to paying the cost to reconstruct physical property that hasn\’t been built to withstand a light blow.
This industry needs to rethink their priorities, and how to handle and manage risk. That\’s something that no one has accomplished in the past twenty years.
Oh sure, everyone bitches that their insurance rates keep going up, right, and well they should, for those who want to live in Florida, Gulf Coast, Carolina Coast, love that flat land, next to the water, or slightly inland, and then buy houses that are neither hurricane proof or have the capacity to stand up to flood or storm surge. Then everyone expects the Federal Government to bail them out.
Of course the insurance industry with their cat models which haven\’t been right ever, and whose greed for market share continues in what has been and continues to be a soft market, can do nothing but scream that their rates are too low, reinsurnace costs are too high. How about thinking out side of the box, and start to figure out how you actually handle catastrophic loss, in stead of pointing fingers, moaning and looking for Governmental assistance.
Anguilla, BWI, hasn\’t lost a house that has been built in the past twenty years to a hurricane. Some damage, slight, loss of palm trees of course, but the dwelling, never. Why, they build houses with a minimum of 6\” steel reinforced concrete with roofs an integral part of the dwelling, windows double offset with storm shutters, decorative tile is concrete down, attractive, you betcha.
And while you\’re at it, stop grousing about the price of gasoline, and start lobbying for drilling the slope, perhaps a new refinery ( haven\’t built one in what 30 years) wind energy..oh no Mr. Bill, we\’ll ruin the alaskan hare..
You want to live in potentially catastrophic communities, get used to paying the cost to reconstruct physical property that hasn\’t been built to withstand a light blow.
This industry needs to rethink their priorities, and how to handle and manage risk. That\’s something that no one has accomplished in the past twenty years.
Obviously Phil thinks that he is more important than you and I. In his own mind he is. I think it\’s great to give Phil the chance to live in his tropical paradise and have me pay more than my actual loss cost projection for my Indiana home.
It does not matter. These shameless traitors will have us paying for their lifestyle. They will just do it through a national cat pool.
It\’s ironic that Indiana has had over a billion in storm losses the past 12 months and you don\’t hear anything about the pirate insurance companies. In fact, more companies are competing since they are pulling out of Florida. Funny what an open rating and competition will do. Tends to be a much more effective regulator that some demagougue sitting in his office in Gainesville.
I write insurance smack dab in the middle of FL. Clients have been coming to me with increases anywhere from $200 – $2000 this year on homes 2 to 15 years old. Believe it or not, some people are born in raised in FL. I do not think it is very realistic for me to leave FL nor is that a realistic choice for most people. We would have to sell homes, find new jobs, and move children to new schools away from friends and family. Not every Floridian facing these increases is living it up on the coast with a pina colada in hand. I don\’t know how this situation is going to be resolved but it is effecting the whole state, not just the privileged who chose to move to the sunny beaches of FL.
Balance is the key. Why can I live just north of the FL border (in Georgia), and have a much easier time getting insurance? It is because hurricanes stop at the state line? No! It is because the insurance industry is lumping all \”Florida\” property together. I guarantee if we were smart, and did not build upon the tops of our sand dunes, Florida would have less risk. Where is the common sense on where we are building these homes?
You are probably unaware that for years Floridians paid less for homeowners, per capita, than many of the open rated states. The fact is that your populist commissioner artificially supressed rates. In addition the insurance industry did its best impression of an ostrich and just pretended the problem would go away. They did nothing to try to drive rates where they needed to be for cat loading.
A couple of busy storm years changes the picture. Unlike most open rated states premiums are continued to be supressed and then you can\’t figure out why companies just pull out. It plays havoc on many other states since all of this business has to go somewhere and everyone decides overnight to write heavy in the midwest.
I\’m not bleeding over your premium increases. The fact is that even in central Florida you are built on sand, have the highest lightning strike rate in the country, subject to droughts, fires and hail and as if the physical expsoures are not enough you have the worst liitigous enviroment in the country and a high crime rate.
Finally on a more subjective note Florida adds little or no value to the GNP other than citrus and produce. You don\’t allow any sort of natural resource extraction (off short drilling). You have almost no manufacturing base and best of all you are a haven for every other states bankruptcy schemers. Your economy is built on tourism and leeching out dollars from every other state\’s elderly and criminals.
When you pick up a tone from other US citizens that we don\’t feel the need to create a cat fund so that you can pay less for your insurance understand that we already pay large costs becuase Florida\’s whole economy is based on fleecing others rather than adding any real value to the US.
It might be like asking for the tooth fairy to show up but maybe Florida should consider off shore drilling, courting of legitimate mfg business and maybe closing some of the ridiculous bankruptcy provisions. You might find you could actually generate some tax revenue rather than stealing it from others.
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All of your posts make alot of sense however here is some food for thought!
1. Ever compare a vacation in Florida to any other State on the coast? Oh My god!! Twice as much and you get less.
2. Ever invest in drilling a well, anywhere? Cost alot more than consumers think. If you dont know youd be surprised. Alot of the are dry holes too.
3. Why doesnt the government jump in and mandate oil drilling off the other coast lines. Louisiana and Texas have certainly done their share. What about California or Florida? 150 mile sanctuary! Give me a break.
4. Lastly, the cost of property, just because of the veiw, is way out of hand like Gas prices, Taxes, food, lumber, and yes Insurance except Insurance hasnt taken annual increases like all other industrys because they normally dont need to. We , as Americans, are spoiled. All, we Americans know how to do is complain.
Sad!
Way to go Kevin! Don\’t let those pirates increase rates! After you are done denying this latest rate increase I\’d suggest you go after those greedy oil companies. I\’d suggest $1 a gallon gas is a good place to start.
Like Doherty I may have to move if gas prices and my homeowners keeps increasing.
I just love how effective and truly proactive your leadership style is. Theres nothing populist about you! Always looking out for the little guy.
That\’s the same Kevin who won\’t let Citizens raise their rates in Monroe County and the Florida Keys. Maybe he is right. What are the odds that a hurricane will hit there this year?….
Way to go Phil – you want companies to use profits generated by other states to subsidize YOUR decision to live in Florida? Not the way it works, buddy. People who choose to live in, for example, Iowa, shouldn\’t pay for out-of-code seashore homes in Florida. In fact, rate filings aren\’t allowed – by law – to try and recoup losses from other states or past years. Each state has to stand on its own in terms of rates. So, when you want to live on the ocean that is a factor you need to consider. And you bet, companies are going to try and shield their assets from a disaster in a state that over-regulates, and then decides the proper solution is MORE regulation. As long as that regime is in office, it ain\’t going to get any better.
Oh sure, everyone bitches that their insurance rates keep going up, right, and well they should, for those who want to live in Florida, Gulf Coast, Carolina Coast, love that flat land, next to the water, or slightly inland, and then buy houses that are neither hurricane proof or have the capacity to stand up to flood or storm surge. Then everyone expects the Federal Government to bail them out.
Of course the insurance industry with their cat models which haven\’t been right ever, and whose greed for market share continues in what has been and continues to be a soft market, can do nothing but scream that their rates are too low, reinsurnace costs are too high. How about thinking out side of the box, and start to figure out how you actually handle catastrophic loss, in stead of pointing fingers, moaning and looking for Governmental assistance.
Anguilla, BWI, hasn\’t lost a house that has been built in the past twenty years to a hurricane. Some damage, slight, loss of palm trees of course, but the dwelling, never. Why, they build houses with a minimum of 6\” steel reinforced concrete with roofs an integral part of the dwelling, windows double offset with storm shutters, decorative tile is concrete down, attractive, you betcha.
And while you\’re at it, stop grousing about the price of gasoline, and start lobbying for drilling the slope, perhaps a new refinery ( haven\’t built one in what 30 years) wind energy..oh no Mr. Bill, we\’ll ruin the alaskan hare..
You want to live in potentially catastrophic communities, get used to paying the cost to reconstruct physical property that hasn\’t been built to withstand a light blow.
This industry needs to rethink their priorities, and how to handle and manage risk. That\’s something that no one has accomplished in the past twenty years.
Grow up
Oh sure, everyone bitches that their insurance rates keep going up, right, and well they should, for those who want to live in Florida, Gulf Coast, Carolina Coast, love that flat land, next to the water, or slightly inland, and then buy houses that are neither hurricane proof or have the capacity to stand up to flood or storm surge. Then everyone expects the Federal Government to bail them out.
Of course the insurance industry with their cat models which haven\’t been right ever, and whose greed for market share continues in what has been and continues to be a soft market, can do nothing but scream that their rates are too low, reinsurnace costs are too high. How about thinking out side of the box, and start to figure out how you actually handle catastrophic loss, in stead of pointing fingers, moaning and looking for Governmental assistance.
Anguilla, BWI, hasn\’t lost a house that has been built in the past twenty years to a hurricane. Some damage, slight, loss of palm trees of course, but the dwelling, never. Why, they build houses with a minimum of 6\” steel reinforced concrete with roofs an integral part of the dwelling, windows double offset with storm shutters, decorative tile is concrete down, attractive, you betcha.
And while you\’re at it, stop grousing about the price of gasoline, and start lobbying for drilling the slope, perhaps a new refinery ( haven\’t built one in what 30 years) wind energy..oh no Mr. Bill, we\’ll ruin the alaskan hare..
You want to live in potentially catastrophic communities, get used to paying the cost to reconstruct physical property that hasn\’t been built to withstand a light blow.
This industry needs to rethink their priorities, and how to handle and manage risk. That\’s something that no one has accomplished in the past twenty years.
Grow up
Tom.
Obviously Phil thinks that he is more important than you and I. In his own mind he is. I think it\’s great to give Phil the chance to live in his tropical paradise and have me pay more than my actual loss cost projection for my Indiana home.
It does not matter. These shameless traitors will have us paying for their lifestyle. They will just do it through a national cat pool.
It\’s ironic that Indiana has had over a billion in storm losses the past 12 months and you don\’t hear anything about the pirate insurance companies. In fact, more companies are competing since they are pulling out of Florida. Funny what an open rating and competition will do. Tends to be a much more effective regulator that some demagougue sitting in his office in Gainesville.
I write insurance smack dab in the middle of FL. Clients have been coming to me with increases anywhere from $200 – $2000 this year on homes 2 to 15 years old. Believe it or not, some people are born in raised in FL. I do not think it is very realistic for me to leave FL nor is that a realistic choice for most people. We would have to sell homes, find new jobs, and move children to new schools away from friends and family. Not every Floridian facing these increases is living it up on the coast with a pina colada in hand. I don\’t know how this situation is going to be resolved but it is effecting the whole state, not just the privileged who chose to move to the sunny beaches of FL.
Balance is the key. Why can I live just north of the FL border (in Georgia), and have a much easier time getting insurance? It is because hurricanes stop at the state line? No! It is because the insurance industry is lumping all \”Florida\” property together. I guarantee if we were smart, and did not build upon the tops of our sand dunes, Florida would have less risk. Where is the common sense on where we are building these homes?
CF,
at the risk of sounding callous to your plight.
You are probably unaware that for years Floridians paid less for homeowners, per capita, than many of the open rated states. The fact is that your populist commissioner artificially supressed rates. In addition the insurance industry did its best impression of an ostrich and just pretended the problem would go away. They did nothing to try to drive rates where they needed to be for cat loading.
A couple of busy storm years changes the picture. Unlike most open rated states premiums are continued to be supressed and then you can\’t figure out why companies just pull out. It plays havoc on many other states since all of this business has to go somewhere and everyone decides overnight to write heavy in the midwest.
I\’m not bleeding over your premium increases. The fact is that even in central Florida you are built on sand, have the highest lightning strike rate in the country, subject to droughts, fires and hail and as if the physical expsoures are not enough you have the worst liitigous enviroment in the country and a high crime rate.
Finally on a more subjective note Florida adds little or no value to the GNP other than citrus and produce. You don\’t allow any sort of natural resource extraction (off short drilling). You have almost no manufacturing base and best of all you are a haven for every other states bankruptcy schemers. Your economy is built on tourism and leeching out dollars from every other state\’s elderly and criminals.
When you pick up a tone from other US citizens that we don\’t feel the need to create a cat fund so that you can pay less for your insurance understand that we already pay large costs becuase Florida\’s whole economy is based on fleecing others rather than adding any real value to the US.
It might be like asking for the tooth fairy to show up but maybe Florida should consider off shore drilling, courting of legitimate mfg business and maybe closing some of the ridiculous bankruptcy provisions. You might find you could actually generate some tax revenue rather than stealing it from others.