Fla. Gov. Asks Lawyers to Review Suing Property Insurers over Rates

December 21, 2007

  • December 21, 2007 at 9:17 am
    GB says:
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    I think this is pretty ironic. How often have voters rejected some expensive and unnecessary government project because they were sick of hearing that there wasn’t enough money for schools, police, or firestations. Then after the project is shot down, there still isn’t any more money for the schools, police or firemen !!! Its good for the governor to know how that feels.

  • December 21, 2007 at 11:17 am
    Dustin says:
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    We should all be able to sue insurers for high rates. How dare they raise rates due to hurricanes, credit, bad driving records, and claims. As an American, I feel I am entitled to cheap insurance and everything else that socialism would allow. Forget about capitalism and the free market! I want the government telling me what to eat, how to think (or not think), and telling the insurance companies how much they can charge for premium.

  • December 21, 2007 at 1:57 am
    Amazed says:
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    Great precedent Governor Crist. Keep going and Citizens will be the only option to the residents of Florida. I can’t believe his arrogance. If ever anyone wanted to see a politician humbled keep an eye on this issue. Florida citizens will wish they had voted for Jim Davis for years after Crist leaves office…

  • December 21, 2007 at 3:18 am
    tiger says:
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    It’s true, someone died made Charlie Crist God. He’s just going to sue you if he doesn’t like the prices you charge. I’m sure this will encourage a lot of new companies to come in to the state and offer to sell insurance. Sure it will, I’m sure they can’t wait to open an office in Orlando and start undercharging for property insurance. Yes sir, good ol’ Charlie, he sure knows business.

  • December 21, 2007 at 3:56 am
    Kevin says:
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    If this is the case, then why can’t we sue the oil companies for the rising fuel costs. They are making 10s of billions of dollars every quarter. Watch out Florida! We are going to pay a very high price for the ingorance of our governor.

  • December 21, 2007 at 4:06 am
    SAM says:
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    You gotta love it, feeding his own. Well, duh, I bet those trial lawyers are going to initially work for free. Carte-blanche access to data they don’t understand to build a list of allegations of wrong-doing that insurers will have to spend God only knows how much to disprove and the best thing for these lawyers is that they’ll probably make millions screwing us and laughing all the way to the bank. Crist is a ostentatious buffoon, such a crock….

  • December 21, 2007 at 4:27 am
    Tar says:
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    This is one of the most retarded things of the year! The exposure in Florida is different from the rest of the country. Maybe Crist needs to start talking to the re-insurers to understand what the concern is to the state he governs and making sure insurance companies remain solvent when a catastrophic occurrence hits the state. Does Charlie think all he has to do is have the State of Florida branch into other areas of the property insurance game? Sure rates will be artificially “low” by the state and he’ll be the hero of the people. But wait till a couple of CAT 4 or 5 storms hit the state and they are having to borrow money to pay claims and then assess each taxpayer to bail their butts out. There are already 5 additional fees on commercial and homeowners policies two to bail Citizens out and a FIGA assessment.
    This is the dumbest thing a Governor can do. But wait, Nationwide is already done with Florida effective January 1st, Hartford is no longer actively writing property insurance and Allstate has already stopped. Crist keeps this crap up there will be no one left in Florida writing property insurance. But he will be Governor of the “People”.
    Charlie don’t be stupid and go down this class action lawsuit road.

  • December 21, 2007 at 5:07 am
    HUGO HIPRICE says:
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    PERHAPS THE GOV’S PRICE (HIS SALARY) SHOULD BE LOWERED IF THE STATE’S EXPENSES ARE LESS???

  • December 22, 2007 at 7:23 am
    Fla Agent says:
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    I’ve always suspected that Charlie has his eyes on being the Republican VP nominee so he can deliver the Florida votes to the GOP in ’08.

    This idiot is clueless on a number of subjects, as is most of the Republicans in the legislature.

    Part of those assessments we’re paying for now comes from the two year moritorium imposed on the 100% FWUA rate increase a few years back. Which the DOI approved because the rates were inadequate. FWUA/Citizens lost approximately $600 million in earned premium – which would have covered the ’04 assessments for Citizens.

    The idiot who sponsored that legislation, is now in the State Senate – and he has his eyes on the Governor’s mansion.

  • December 22, 2007 at 11:04 am
    wudchuck says:
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    i wonder if the state really knows how much it costs to get things rebuilt. afterall, does not most its’ money for federal disaster come from the federal government? does that government really know the costs of an industry and the value of replacement? if these companies have been taking a loss for the past 2 yrs, why are they told to take a discount/reduced premium? so whom is running the business? sounds like a mass. coming to play again, where they (mass.) are now going to a competative system. like any business, everyone wants to recoup it’s losses and still recover a little profit. like i saw earlier in an entry — do we sue the oil industry for high profits? do we sue those companies that sought production outside of the U.S. for higher profits? the american people are going to purchase items they need and at their own expenses. its a risk but afterall, is that what the insurance industry is all about?



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