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

December 21, 2007

  • December 27, 2007 at 2:47 am
    Bill says:
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    Again, what does this have to do with the topic under discussion?

  • December 27, 2007 at 4:11 am
    SM says:
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    Anytime Kathy can start her tirade against State Farm she does. Mention global warming, State Farm comes up.. I believe she believes that Rust is the evil commander of a distant empire and that all insurance people are crooks. I’m only assuming they did her wrong, in truth or in her mind, but she’s relentless with the bashing of State Farm and believes anything negative she’s ever seen or heard.

  • December 27, 2007 at 5:28 am
    Bill says:
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    To bad she’s not literate…

  • December 28, 2007 at 8:31 am
    Dustin says:
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    http://www.insurancecoverageblog.com/

    Go here and fill up on all things Katrina and State Farm. Though, I will warn you the guy doesn’t have a vendetta against SF so you might get frustrated at his “biased” coverage.

  • December 28, 2007 at 8:40 am
    Tar says:
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    What the heck does State Farm and Katrina have to do with Gov. Crist putting a posse of trial lawyers together to sue insurance companies for not lowering their property rates? Save your tyraid for another thread.
    Gov. Crist is out of line and end result could cost Florida big time. We have had a slow exodus of companies leaving Florida to reduce their property exposure. This will only cause more problems. This is perhaps the dumbest thing a Governor could ever do!

  • December 29, 2007 at 9:07 am
    wudchuck says:
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    again, this only goes to show that the government is trying to get into business. i thought there was a separation of private business and the government. why should i lower my pricing if in the end, i might spend more money (pay out on claims). i have to be solvent and still as a business make a profit. if anything i think more people would benefit from him chasing the oil folks. most insurance companies make good money when claims are down and the retention stays in house. but when you live in florida, the tendancy to have a hurricane OR himacane (LOL – if you want to be somewhat funny politically), is more likely. thankfully over the past 2 yrs, claims from these storms have been down dramatically. but does that lessen the fact, that we might have another one of those years where hurricanes visit? i can possibly see where these companies might not raise/lower the costs, but is that not up to the company? any approved increase are subject to state’s ok. they can not have it both ways – to mandate decreases after they allowed the increase. let that be up to the individual companies, because in the long run – retention of policy holders can come in decreases if warranted. this is not a state avenue or direction the state government needs to do. there are many other things that probably need to be resolved.



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