Lets let State Farm, Allstate, Auto Owners, Met Life, Safeco, USAA and all of the good carriers that stoped writing years ago price their new policies at what ever level they want. This will allow competition into the market and eventually they will lower their rates and underwriting guidelines due to reduction in revenues. Florida is one of the few states where you should be able to get a decent premium for your risk.
Well, does everyone remember not so long ago when the OIR was castigating insurers for buying more traditional reinsurance and not passing on the elusive “savings” on the reinsurance bill to the consumers?
Gee, what a surprise! It sure didn’t take an Einstein to figure out that the Fund is absolutely unreliable, and that eventually the hole in any participating insurer’s reinsurance coverage would attract attention.
Let’s just hope we get through this season without another big storm, but don’t count on the Florida Legislature to learn a thing from this experience.
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Lets let State Farm, Allstate, Auto Owners, Met Life, Safeco, USAA and all of the good carriers that stoped writing years ago price their new policies at what ever level they want. This will allow competition into the market and eventually they will lower their rates and underwriting guidelines due to reduction in revenues. Florida is one of the few states where you should be able to get a decent premium for your risk.
Well, does everyone remember not so long ago when the OIR was castigating insurers for buying more traditional reinsurance and not passing on the elusive “savings” on the reinsurance bill to the consumers?
Gee, what a surprise! It sure didn’t take an Einstein to figure out that the Fund is absolutely unreliable, and that eventually the hole in any participating insurer’s reinsurance coverage would attract attention.
Let’s just hope we get through this season without another big storm, but don’t count on the Florida Legislature to learn a thing from this experience.