Legislators


Private flood is working and Lloyds is the backer. This is considered Surplus lines so it is not guaranteed by our government, but it is by Lloyds of London and they have plenty of money. For all of those getting these high rates, please call us and we will shop out your Flood policy and other policies as well. The rates in Fort Lauderdale, Miami Tampa, Tarpon Springs and other Key areas here in Florida. There is still a bill passing through the Legislators in Florida which should allow the program to expand as well. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, & Life & Financial products as well. Please enjoy the full article below.

http://www.insurancejournal.com/news/national/2014/02/10/320017.htm

They(these House Republicans) do not care because Flood insurance does not affect them and they assume most people in High risk areas are wealthy! This is not the case for many and this will still be a problem that could take weeks or months to resolve. The Private flood market and not the plan with FEMA, with our Legislators, should progress faster so we have 2 options to help us here in Fort Lauderdale, Tarpon Springs and all of Florida. The governor will sign the bill when it passes so time is the only issue so far. I will keep you posted, but keep watching my blogs as the sessions start soon. Please enjoy the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial & Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/02/04/319303.htm

Now the House has to agree and that is not always something we can count on. In this scenario, Flood rates would increase still, but only in small amounts and not the 14-36K premiums we have been seeing. We still have a Private flood bill being considered here in Florida and 6 additional states as a backup. It looks like 1 way or another Flood Rates will be kept in control for at least a few more years until another solution is found. In Fort Lauderdale, Miami and Tampa, a sigh of relief will be felt is the House does do something good for a change. Let’s see who plays politics as usual in the next few weeks and hope for the best from Washington DC. Please read the full article below and please call L & S Insurance at -1888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial and Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/01/30/318963.htm

Led by Senate Banking and Insurance committee in Tallahassee and sponsored by Senator Brandes of St. Pete, the Flood bill being privatized is well underway. Still many concerns, but Washington does not seem to have a better solution so it will not wait for the Fed and FEMA. This could help over 280K people in Fort Lauderdale and Florida and 6 more states may still come. Any solution to save the Florida Housing market would be welcome at this time. If FEMA and Washington, come up with better ideas then time will tell. Only 2 carriers are in line so far for the private market policies, but the thought is that when the bill passes, more carriers will show up. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2014/01/13/316916.htm

While this decision is still going on in Washington, the playmakers are not even waiting for this to happen or not. It looks like a new Flood Policy from a private market will soon be available in Florida and at least 6 other states. The rates for the hardest hit by FEMA, will still be higher than before, but significantly better priced. We have 2 scenarios working to solve 1 problem, so who knows how it will end, but Private flood is coming and will be backed by Lloyds of London. People from Fort Lauderdale, all of S. Florida and Tampa areas like Tarpon springs have all been the hardest hit, but it does look like Private flood will fill in gaps as needed and then we will see how things continue on in the future. We await the passing of the Private flood policy by our legislators in Tall. but this seems to have huge support and should pass quickly. Please call L & S at 1-888-244-7400 for Insurance quotes for Home, Auto, Flood, Business & Commercial, & life & Financial products as well. Please enjoy the full article below from the Insurance Journal for the US.

http://www.insurancejournal.com/news/national/2014/01/09/316502.htm

There are many questions and still more to come as the bill submitted by Senator Jeff Brandes of St. Pete is now underway. What will the rates be, how will we pay for claims if they are in excess of what comes in and will the Government try to use Surplus lines carriers??? There is still the question as to weather this is even possible to do without FEMA. The Legislative session will begin in March and till then a lot of discussion will be forthcoming between many parties to see if the bill can hit the floor. The Biggert-Water’s bill may still be repealed as well, but about 268K of Florida Homeowners from Fort Lauderdale, Miami, and the Tampa areas primarily, could be dramatically affected by the bill if it is not repealed and this could help that scenario. If Florida does nothing and the Biggert -Waters Flood bill is not repealed, the Florida Real; Estate Market will be in total disarray with more homes listed and no possible buyer’s because of the Flood Insurance rates. Time will tell, but please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2013/12/19/315008.htm

As usual, none of our Legislators can agree in Washington D.C. on what to do. All we know here in Florida is that this will truly hurt the Real Estate Market and that will affect our economy like it did in 2006 and 2007. Please read the full article below and be sure to call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial & Life Insurance quotes as well.

http://www.insurancejournal.com/news/national/2013/11/21/311913.htm

with 2 Million Policies, and 1 Billion in Premium and 37% of the total FEMA system, this will be discussed in Tall for sure. All eyes are on the dollars that could be made. about 65% in Florida is Profitable so rates can also be lowered. If the Biggert- Waters Bill is not repealed, this option would be a big one to consider in the Spring Legislative system. Please read the full article below to learn how Fort. Lauderdale, S. Florida and the Tampa area in Pinellas county known as Tarpon Springs are affected. Please call L & S Insurance at 1-888-244-7400 for a class at your office and for quotes on Home, Flood, Auto, Business & Commercial and Life Insurance products as well.

http://www.insurancejournal.com/news/southeast/2013/11/19/311648.htm

A bill was passed last year and within days a lawsuit was filed of course. Now a new course of action could come and make us a Tort state and require everyone to carry Liability Insurance at 25/50 minimum with medical payments and remove PIP coverage as unnecessary coverage. This is what should have been done last year but it fell on deaf ears. To much Lobby money comes in, but PIP fraud is still rampant and in Fort Lauderdale and most of S. Florida the rates are very high because of it. We will keep you informed as this process keeps coming around for another vote in the Spring. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance products as well. Please enjoy the full article again.

Thx,

http://www.insurancejournal.com/news/southeast/2013/11/06/310548.htm

If you come to the classes when I present, you will be well informed, but until then, as a Realtor, you must do your due diligence and remember the laws of Full Disclosure. There is still hope for repeal by our Government as no one including FEMA knew what this bill would do to people so another solution is needed!! Feel bad for the Tampa/St Pete area, but here in Fort Lauderdale and all of S. Florida, we have our own issues to deal with as well. In the meantime, please read about some horror stories and call me to come to your office or location to be given the most current information. Please call L & S Insurance at 1-888-244-7400 also for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance and financial products as well. Please enjoy the full article below.

http://www.insurancejournal.com/news/national/2013/10/24/309110.htm

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