Florida Commissioner Approves More Policy Removals from Citizens

May 21, 2008

  • May 22, 2008 at 7:05 am
    ORLANDO AGENT says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I don’t know when that article was written, but I’m assuming some time ago &/OR the writer didn’t do too much research. Take-out companies are no longer receiving ‘bonuses’ and the FIGA fund was at $300,000, not $250,000 and I’m pretty sure it has been recently increased to $500,000.

  • May 22, 2008 at 2:09 am
    BobC says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Are any of these companies rated? What happens when the first storm hits? Good ol’ Florida. Pay your premium and pray, PRAY you don’t have a loss!

  • May 22, 2008 at 2:46 am
    FlaGal says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Good old Charlie doesn’t think company ratings are important….he should know as he is such an insurance expert and business professional

  • May 22, 2008 at 2:58 am
    Wes says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    What do you think of this article?

    http://www.fldfs.com/pressoffice/Documents/Citizens%20shifting%20risk,%20but%20to%20whom.htm

    I’m glad I don’t live in Florida.

  • May 22, 2008 at 6:49 am
    ORLANDO AGENT says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Nope, none of these companies are rated by AM Best, only Demotech. Still, I believe most consumers will be better served by the take-out companies than by Citizens, ESPECIALLY if we have even a moderate (or worse) hurricane this year. It is in flux right now, but Citizens clients will be assessed FIRST and MOST if we have a bad storm. God forbid there is more than one! And there’s always FIGA: the Florida Insurance Guaranty Assn. … LOL! What a mess the legislature, governor and insurance commissioner have made of this!

  • May 23, 2008 at 9:29 am
    FlaGal says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Right at the top of the article,
    10-31-2005



Add a Comment

Your email address will not be published. Required fields are marked *

*