Fla. Gov. Crist Signs Property Insurance Bill

January 25, 2007

  • January 26, 2007 at 10:51 am
    Linda says:
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    I was not aware that Progressive sold homeowners insurance in any state. Do they?

    The bill states that if an insurance comapny sells auto and homeowners in any other state that they will be required to sell homeowners insurance in FL unless they have a subsidiary company selling homeowners insurance in FL already.

  • January 26, 2007 at 12:58 pm
    Humor says:
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    God help the people of FL… and, since there is no God in Government, let the festive government meet the whirlwind head on.

  • January 26, 2007 at 6:04 am
    SF says:
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    What I recall hearing was Prog associated with Homesite Ins whereby Homesite would issue the policies on Homesite paper in AZ, MN and OH and Prog supposedly [not real sure on this] had some type of quota share reins interest in the product. If true, I don\’t see how that would trigger the new Fla law. Then again, I guess we all wait and see.

  • January 26, 2007 at 6:49 am
    plins says:
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    And Progressive…

  • January 30, 2007 at 8:17 am
    LL says:
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    Just another crackpot, unworkable piece of legislation from crackpot politicians. These guys will be popular as long as we have a quiet hurricane season. When another 2004-2005 hits, the voters who voted these jokers in will be angry about the mega$$$$$ surcharges that are levied to pay these very same voters\’ claims.

  • January 30, 2007 at 10:28 am
    Larry says:
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    Can anyone elaborate on this?
    \”Prevents insurance companies from raising rates without state approval, from dropping policyholders during hurricane season and from delaying payment of claims. Insurers are required to allow coverage options and installment payments for premiums. The Insurance Consumer Advocate is to provide a consumer rating for each insurance company for Floridians\’ consideration when choosing an insurance company.\”
    ..I thought there were already laws that prevent insurance companies from raising rates without state approval, from dropping policyholders during hurricane season and from delaying payment of claims. Any one know what the new law says about requiring insureres to offer installment payments? For instance, what installments msut be offered? Does it apply to all insurance, or just some lines? And who or what is the \”Consumer Advocate\” and how is the rating determined for each company?

  • February 5, 2007 at 12:13 pm
    B. Gross says:
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    How is Gov. Crist Property insurance law
    enforced in 2007?
    Insurance companies are quoting me outrageous rates. Tower Hill Ins. Co. dropped me and all (1) family homes. I received a quote for Citizens Ins., but was told that I need a Wind Mitigation Inspection by a state licensed inspector.
    My house is (3) years old and considered new. Citizen Ins. can access PBCgov.com\\papa for detailed info on my house pertaining to the hip roof and S tile. Why should I have to pay an inspector $200.00 for for information that is in the public domain. My current coverage expires 2/10/07.Your response is anticipated and very much appreciated. my e-mail..Mission144@aol.com

  • February 5, 2007 at 8:38 am
    AJ says:
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    This is nothing but a populist posturing and worthy of a Democrate rather than a Republican. Losses probabilities and past loss history and reinsurance costs drive rates not legislatures. Anyone remember Hurricane Andrew? Insufficient rates drove some companys out of business. The long term result of this folly will be less insurance availability and more costs laid to the taxpayers.

  • February 5, 2007 at 10:12 am
    Steve says:
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    Unreal. Instead of increasing premiums on the coast where they should be increased, they have cut them. Look out Mr. and Mrs. taxpayer, storm season is 4 months away and those million dollar coastal homes are right in the path! By the way, several of the most powerful politicos, including Charlie Crist are from coastal areas. Hmmmm.

  • February 6, 2007 at 9:44 am
    Greg says:
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    The admitted insurance companies presently writing in Florida are about to bail out leaving only Citizens and non-admitted carriers.

    The recent bill is going wreak havok on the citizens of Florida.



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