Florida Court Permits Bad Faith Lawsuit Against Citizens to Proceed

October 8, 2010

  • October 8, 2010 at 5:30 am
    gk says:
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    This is rich. Citizens is a gift to policyholders who really should be without insurance in an actuarially sound insurance market. Citizens has a hard time being funded by taxpayer largesse and surcharges from paying insurance company policyholders. Now, we have another drain on their resources.
    The whole plan should be dropped and then Perdido and others can have the nothing they deserve or they can pay real premiums for what they get(which would not be affordable.

  • October 9, 2010 at 9:02 am
    wudchuck says:
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    really?! i think you are forgetting about some of the basics… we are to act on good faith as an insurance company, stating we are immune creates the wonder why did you allow me to have insurance? and why are we allowing a government entity to think that it can be immune to anything. that insurance is to provide a faithful service for the premium that it is paid. granted it is underfunded and then just recently asked for and got an increase in premium for the next few years. if you think that these folks deserve insuance and you gave them a policy, then you deserve any actions that happen, including paying out on a claim. here’s the problem…

    1) owning a car is a priviledge because you paid for it.

    2) for you to drive that vehicle on the road, you have to register that vehicle again, this is a priviledge. just like you license is a priviledge. niether is a RIGHT!

    3) because of this priviledge you must have insurance per the state in order for you to get tags for you car. reason for the insurance is to protect those that might get hit by your car or while riding in your car.

    4) if the state run insurance was to provide cheap insurance but found out that it’s not truly cheap, then why did you create it? if you have to keep raising rates every year, then why are you not allowing others to rate appropriately? in the long run, you will always be short because you not about making it a competative market.

    florida is truly not a great state for insurance, especially since it does not mandate BI coverage. they think that many cars on the road are valued under 10k (minimu coverage). when in fact it should a minimum of 25k.

    bad faith – yes, because the state does not need to be in the business because it does not understand. why do you think they are trying to catch up with the hurrican catrosphe fund

  • October 11, 2010 at 4:47 am
    FLagent/insured says:
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    I’ll have you know, gk, that I am an agent and a native Floridian. I was one of the chosen who were dropped by State Farm just recently and was forced to go with Citizens. My home is well built and over 20 yrs old. I do deserve insurance, I also deserve that someone other than a politician and an attorney run the insurance industry in Florida so I can have some decent coverage. I would have gladly paid SFarms rate increase.

  • October 12, 2010 at 11:14 am
    too big to fail? says:
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    Imagine what claims they won’t pay if there is a real event? oh my

    the “carrier of last resort” provides pricing & terms no responsible insurance carrier can- not even considering they have no diversification from the FLorida wind exposure

    no capital, hoping for subsidies, want immunity so they can’t be held accountable for the potentially CRIMINAL acts they are perpetrating now that will be exposed in the future.
    OUR TAX DOLLARS AT WORK



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