January 4, 2013
9.7 Billion which is far from the 60 billion that will be needed from our legislators in Washington D.C., but at leeast something happened. Now we wait for the Flood Bill for another 9 billion as FEMA will also run out of money by Monday 1/7/2013. Please read the full article and please call L & S at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.
http://www.nationalmemo.com/house-approves-9-7-billion-in-hurricane-sandy-relief/
January 4, 2013
Governor Rick Scott and the OIR are very friendly with the Insurance carriers in Florida. This is because they want Florida Home Insurance rates to rise and Citizens to be depopulated and this is how they think it can be done. This Congressional session in Tallahassee our Legislators will soon vote on a Citizens Insurance bill. This bill will allow Citizens to make the rates actuarily sound which they now feel will be a 17% rate hike instead of the 8-10 percent they have been taking. The real problem with this has been the re inspections and removal of discounts they used to have. Because of this, increases are 50% in many cases especially here in Fort Lauderdale and most of South Florida. Rates are as hign now as they were just after Hurricane Wilma and all of this in a bad economy which needs the Real Estate market improving, but Insurance costs are hurting it badly. Insurance costs are most of the time, higher than property taxes and in many cases like mine much worse. I pay 4K in property taxes, but I will pay about 7K for the Home Insurance on my house this year. This is all because I do not have enough nails for a wrap discount and part of my roof is flat. In any event this article is a good one so please read it below. Please call us at L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.
http://www.insurancejournal.com/news/southeast/2013/01/03/275867.htm
January 3, 2013
Please read the article and look for the follow up to see what happens by Monday.Our legislators in Washington D.C. ned to make things happen and quickly.I would assume rate hikes are coming soon with Flood again. Please call L & S Insurance at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Business, And Life Insurance as well.
http://www.insurancejournal.com/news/national/2013/01/03/275919.htm
January 2, 2013
Here we go again, after the house kept us from the Fiscal cliff they also managed to find the money for a pay raise as well. Why do they earn a raise, because they argued all in Washington DC for 4 years about doing nothing for this economy till the final hour. In any event, now they want to add in things like long term deals for the Florida Gulf coast c issues from the BP spill and the Alaske Pipeline as well. What did they have to do with Hurricane Sandi, but this is how deals are done in our Capital. They all want, but won’t work hard to pass the bill that is so badly needed. We hope they get this done as President Obama wants to sign this bill quickly to start the large relief fund that will be 20 Billion or more and then another 30 Billion for long term. Let’s get this past us now before a new session of Congress starts and they have to start from scratch??? Please read the full article below and please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance as well.
http://www.insurancejournal.com/news/national/2013/01/01/275660.htm
December 8, 2012
If Citizens is going to depopulate or raise rates significantly, they must be fiscally reviewed to truly determine what condition it is in to pay claims now and if and when depopulation occurs. We already know that Citizens has 6 Billion in reserves and some bond issues for perhaps 3-6 billion more, but who knows. Hurricane Sandy will cost 25-30 billion in The NY, NJ and New England area so obviouly we are a little short. It does not take Rocket science to figure this one out, but The Sate Representative Frank Artilles wants it so now it must be done. Talk about sound bites to get your name in the paper. I will continue to bring this info to all that come visit the Home Insurance Guru in Fort Lauderdale, but we service all of Florida. Please read the full story below and call L & S Insurance at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.
http://www.insurancejournal.com/news/southeast/2012/12/07/273164.htm
October 15, 2012
(R) State Rep. Frank Artilles is now going very public to get his name in the paper! The Florida legislature has had plenty of time to come up with many ideas, but they have had none!! Now that a plan is ready by the citizens Board of Governors,Representative Artilles wants the Legislators in Tallahassee to look it over and put the approval on it. I am not sure I agree with this plan or not, but I do know that 500K policies no longer In Citizens is good for Florida and Fort Lauderdale no matter how it happen’s. The Environmment is certainly better in Florida for availablility of product, but the price is still way too high. The people of Florida cannot keep paying these rates which can be 10 times what they were 20 years ago and that is bad Inflation!!! Please read the article by the Representative Artilles and tell him what you think. Please call L & S INsurance at 1-888-244-7400 for al of your quotes on Home, Auto, Flood, Business & Commercial and Life Insurance quotes as well.
http://www.insurancejournal.com/news/southeast/2012/10/15/266521.htm
August 15, 2012
2 more arrests and more to come as PIP Fraud is anything but gone in Fort Lauderdale and Florida.The problem was never fixed properly in the last congressional session as usual and what we have is another Bandaid. New loopholes are always found and until the Legislators in Tall. decide to redo the program, we will not have a real solution. They did little this last time, but they are the ones on power so we must deal with it. Expect more Fraud and more arrests we hope!! Till then rates will not go down and should still continue to rise. At some point our Florida Politicians will actually decide to help the people, put the time into it that it needs and completely revise Florida and remove PIP all together. Please read the full article on Pip Fraud from the Sun Sentinal and was sent to us by our friends at First State Insurance.Please call L & S Insurance at 1-888-244-7400 and ask us for quotes on Home, Auto, Flood, Business & Commercial, and even Life Insurance quotes.
http://www.sun-sentinel.com/business/fl-pip-fraud-arrests-20120813,0,5378655.story
August 13, 2012
Florida Lawmakers on both sides and in both houses want a 10% cap in rates, but in Florida, that has never happened. The reinspections by Citizens Insurance and other carriers in Fort Lauderdale and all over Florida have caused rates to rise 50-100% for many. The other carriers have also raised rates and unless the rates are kept close, Citizens will get all the business which is not wanted by anyone. Governor Rick Scott tried appointing a new Citizens Insurance board president in 2011 who was a personal friend and neighbor of his as well. This did not go well politically and now he was fired in June and another new Board Chair has been chosen. This is not a battle that anyone wanted during this election year as all incumbents will suffer for votes they made or will have to make, but next year this will be a huge issue again. This is why Governor Scott did not ask anyone in Talahassee to change the laws as he was trying to do it non legislatively. Seeing this as a way to make some headlines, now come the outcries that 10% caps are the max and it would be unlawful to think otherwise from Senator Fasano and a few other’s. Good luck to that and thanks for this article form the Saint Augustine Record. Please call L & S Insurance for all of you quotes at 1-888-244-7400 for Home, Auto, Flood, Business & Commercial, and even Life Insurance quotes.
http://staugustine.com/news/local-news/2012-08-13/legislature-turns-blind-eye-property-reform-0
