I’m pretty sure I wouldn’t buy a Florida public bond of any type right now – the budget is in a meltdown, a simmering tax revolt, volatile/unpredictable legislature.
Does anyone out there REALLY think that in the aftermath of a major hurricane, which would further stress the economy of the state, a large state bond issue would actually fly?
It’s a bit ironic because FL continually refuses to let carriers charge adequate premiums all the while their pathetic attempt of an insurance company remains insolvent. They just don’t get it!
Regardless of laws, education, penalties, discussion, etc. there will always be some percentage of people who will remain ignorant, stupid, irresponsible, and incorrigible when it comes to focusing on driving. Part of society lacks the discipline to be able to focus and mistakenly thinks that just because these distractions are available, they should use them. Let’s be honest….where the hell do these people get off thinking that they’re so important the world will stop if they aren’t fumbling around while driving? Aside from a medical or police emergency, NOTHING IS THAT IMPORTANT TO RISK LIVES so they can be in vogue.
Florida residents need to pony up and pay premium for exposure! I wonder why the state needs to increase surcharge when they are fighting insurers for same and claim that there pricing for hurricane is unfounded? It’s no surprise no insurer wants to write Homeowners insurance in the state. GEICO and Progressive were smart when they pulled out of the Homeowners market years ago.
Florida residents could soon be faced with increased surcharges on their home, auto and other insurance policies because the state’s catastrophe fund needs more money to pay claims from past hurricanes. WILL JUST MAYBE STATE FARM SHOULD HAVE PAID PEOPLE…….
Posted On: February 29, 2008, 7:20 pm CST
Posted By: State Farm spin doctors
Comment:
State Farm spin doctors they try to claim no knowledge of any changed documents and want to put blame on engineering companies. But I have information that puts the light on the real problem with what is happening at State Farm. I am a former agent of State Farm who has proof that State Farm has breached the contracts of its own agents. The information shows that a California Appellate Court has ruled that State Farm breached the contract and the California Supreme Court refused to hear State Farm’s appeal making the Appellate Court decision final (Case#C050591 California Third Appellate District). What does this mean to the average policyholder? Well a policyholder who has a policy (contract) with State Farm expects State Farm to honor that policy (contract) if the policyholder has a loss. Now the question is if State Farm will not even honor their own contract with their own agents what chance does the average policyholder have? In addition to this State Farm has not even notified the agents of this decision by the California Courts.
Our company pays into the fund at a rate much higher than 1% and we don’t even write property in Florida! There is a minimum threshhold for all licensed companies regardless of market share. I think its only proper that insureds should participate in contributing to the fund, and at a rate higher than 1%. There is after all a much higher than 1% probability of a total loss, no matter where you live in Florida.
Florida has been and will always be vulnerable to tropical storms and hurricanes. It’s an annual event and is not a risk, it’s a probability. The old folks who retired there don’t want to pay for anything. They’re “seniors” and the world owes them. They need to wake up and realize they chose to live there and it’s their responsibility to buy insurance. It should cost them more.
so, let’s put this another way…if i moved to florida after the 2005 claim, why should i pay for that when they are short funds? i should be paying for any claims upcoming but not for the past if i did not live there. amazing thing is that the state legislature thinks they know all about insurance and how to collect for paying claims. if they are short, they need to get into their budget and restructure. maybe, they need to start having a income tax on personal income.
The Florida Hurricane Catastrophe Fund pays claims when insurers can’t. When it doesn’t have enough money, STATE FARM SHOULD HAVE PAID. CUT ED RUST WAGES IN HALF… OR PUT IS BUT IN JAIL.
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I’m pretty sure I wouldn’t buy a Florida public bond of any type right now – the budget is in a meltdown, a simmering tax revolt, volatile/unpredictable legislature.
Does anyone out there REALLY think that in the aftermath of a major hurricane, which would further stress the economy of the state, a large state bond issue would actually fly?
It’s a bit ironic because FL continually refuses to let carriers charge adequate premiums all the while their pathetic attempt of an insurance company remains insolvent. They just don’t get it!
Regardless of laws, education, penalties, discussion, etc. there will always be some percentage of people who will remain ignorant, stupid, irresponsible, and incorrigible when it comes to focusing on driving. Part of society lacks the discipline to be able to focus and mistakenly thinks that just because these distractions are available, they should use them. Let’s be honest….where the hell do these people get off thinking that they’re so important the world will stop if they aren’t fumbling around while driving? Aside from a medical or police emergency, NOTHING IS THAT IMPORTANT TO RISK LIVES so they can be in vogue.
Florida residents need to pony up and pay premium for exposure! I wonder why the state needs to increase surcharge when they are fighting insurers for same and claim that there pricing for hurricane is unfounded? It’s no surprise no insurer wants to write Homeowners insurance in the state. GEICO and Progressive were smart when they pulled out of the Homeowners market years ago.
Florida residents could soon be faced with increased surcharges on their home, auto and other insurance policies because the state’s catastrophe fund needs more money to pay claims from past hurricanes. WILL JUST MAYBE STATE FARM SHOULD HAVE PAID PEOPLE…….
Posted On: February 29, 2008, 7:20 pm CST
Posted By: State Farm spin doctors
Comment:
State Farm spin doctors they try to claim no knowledge of any changed documents and want to put blame on engineering companies. But I have information that puts the light on the real problem with what is happening at State Farm. I am a former agent of State Farm who has proof that State Farm has breached the contracts of its own agents. The information shows that a California Appellate Court has ruled that State Farm breached the contract and the California Supreme Court refused to hear State Farm’s appeal making the Appellate Court decision final (Case#C050591 California Third Appellate District). What does this mean to the average policyholder? Well a policyholder who has a policy (contract) with State Farm expects State Farm to honor that policy (contract) if the policyholder has a loss. Now the question is if State Farm will not even honor their own contract with their own agents what chance does the average policyholder have? In addition to this State Farm has not even notified the agents of this decision by the California Courts.
Our company pays into the fund at a rate much higher than 1% and we don’t even write property in Florida! There is a minimum threshhold for all licensed companies regardless of market share. I think its only proper that insureds should participate in contributing to the fund, and at a rate higher than 1%. There is after all a much higher than 1% probability of a total loss, no matter where you live in Florida.
Florida has been and will always be vulnerable to tropical storms and hurricanes. It’s an annual event and is not a risk, it’s a probability. The old folks who retired there don’t want to pay for anything. They’re “seniors” and the world owes them. They need to wake up and realize they chose to live there and it’s their responsibility to buy insurance. It should cost them more.
so, let’s put this another way…if i moved to florida after the 2005 claim, why should i pay for that when they are short funds? i should be paying for any claims upcoming but not for the past if i did not live there. amazing thing is that the state legislature thinks they know all about insurance and how to collect for paying claims. if they are short, they need to get into their budget and restructure. maybe, they need to start having a income tax on personal income.
The Florida Hurricane Catastrophe Fund pays claims when insurers can’t. When it doesn’t have enough money, STATE FARM SHOULD HAVE PAID. CUT ED RUST WAGES IN HALF… OR PUT IS BUT IN JAIL.