Good Job, Kevin. No 40% increase for USAA policy holders. Of course, all of these folks will pay 80% more when they are cancelled and forced to buy from Citizens. Keep up the good work!!
I am waiting to see which company has the balls to withdraw from the Florida market.
Nationwide, USAA, Allstate, State Farm? Who will prove that the rates are needed, or will they all stay and show us the rate was not needed and that they are profiting in the wake of 8 hurricanes, the sound of that actually makes me laugh.
Get ready to pay more folks, when your company leaves
The next sound you will be hearing is the implosion of Citizens as some of the smaller carriers in the State fold under the impact of the recent \’Mierzwa\’ decision by the 1st DCA. There were a number of carriers that were playing delay action, hoping for a realistic ruling. For some of these carriers, the demand to pay policy limits to double indemnify their insureds will likely force them into liquidation. And where will those policies (which could number into the hundreds of thousands) wind up? In the overloaded and woefully mis-managed Citizens.
This is a cyclical monster that will not be resolved until such time as the market is allowed to reach some level of premium equilibrium.
USAA is a strong company that is very unlikly to leave their members (former military and their dependents) in Florida stranded. I have USAA auto, home, and life insurance which I am very happy with. They are just try to charge based on the extra risk in Florida vs the rest of the country.
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Good Job, Kevin. No 40% increase for USAA policy holders. Of course, all of these folks will pay 80% more when they are cancelled and forced to buy from Citizens. Keep up the good work!!
I am waiting to see which company has the balls to withdraw from the Florida market.
Nationwide, USAA, Allstate, State Farm? Who will prove that the rates are needed, or will they all stay and show us the rate was not needed and that they are profiting in the wake of 8 hurricanes, the sound of that actually makes me laugh.
Get ready to pay more folks, when your company leaves
The next sound you will be hearing is the implosion of Citizens as some of the smaller carriers in the State fold under the impact of the recent \’Mierzwa\’ decision by the 1st DCA. There were a number of carriers that were playing delay action, hoping for a realistic ruling. For some of these carriers, the demand to pay policy limits to double indemnify their insureds will likely force them into liquidation. And where will those policies (which could number into the hundreds of thousands) wind up? In the overloaded and woefully mis-managed Citizens.
This is a cyclical monster that will not be resolved until such time as the market is allowed to reach some level of premium equilibrium.
USAA is a strong company that is very unlikly to leave their members (former military and their dependents) in Florida stranded. I have USAA auto, home, and life insurance which I am very happy with. They are just try to charge based on the extra risk in Florida vs the rest of the country.