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January 29, 2013

The Senate passes the Hurricane Sandy Bill for 50 Billion added to the 9.7 Billion already passed.

Posted by homeinsuranceguru under Auto Insurance, FEMA, Flood Insurance, Florida, Home Owners Insurance, Legislators, President | Tags: , , , , , , , , , |
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Why does every bill put through need to have other things mixed into it. This is what froze Flood Insurance bills for many years and caused many unnecessary extensions. If you simply pass a bill as a bill, life could be simpler. This is pure help for the states affected and the people who lost everything during Hurricane Sandy.Our Legislators in Washington D.C.  finally did something together and worked out a deal so congratulations. I am not sure where the Insurance policies fit in here as many did not have Insurance by choice, so what should be done for them? In any case President Obama will sign the bill soon and money should finally be on it’s way after 3 months. Del;ays from trying to add tax cut issues and spending limits were originally added to this bill, but who knows why???  In any event, please call L & S INsurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business and Commercial, and Life Insurance quotes as well. Please enjoy the fullarticle below;

http://www.insurancejournal.com/news/national/2013/01/28/279159.htm

 

January 18, 2013

The Florida Cat Fund is in trouble and needs National Help!!

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Hurricane Updates, Legislators, President, Rick Scott GOP | Tags: , , , , , , , , , , , |
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There is barely enough money for 1 storm in 1 Hurricane season and what if we have 2 storms????  If Florida, which will affect Fort Lauderdale and all of Soouth Florida worse, could see more major rate hikes soon as the Federal plan is just not likley. The Florida  Cat fund may need to lower it’s exposure by 5 billion or more per storm  and if that happens then all of the  carriers will be required to get more expensive reinsurance form the private carriers (Like Warren Buffet’s company, among other’s). These increases will hurt the Real estate recovery in Florida as rates have been on the rise since Governor Rick Scott has come to office and even before that as well. When our Legislators meet in session soon, this will be a big topic and no National resolution could possibly come that fast. For a National plan to work, we already know that the President (Obama) must endorse the program for any hope and that is not likely as about 20 states have no interest at all to help the other’s. Please read the article below and please call L & S Insurance at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://www.insurancejournal.com/news/southeast/2013/01/18/277912.htm

 

January 2, 2013

Hurricane Sandi bill to be split with House republicans wanting to add more??

Posted by homeinsuranceguru under Auto Insurance, FEMA, Florida, Home Owners Insurance, Legislators, President | Tags: , , , , , , , |
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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

 

June 29, 2012

Flood(FEMA) bill should pass today or Monday finally

Posted by homeinsuranceguru under FEMA, Flood Insurance, Florida, Home Owners Insurance, President | Tags: , , , , , , , , |
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The multi year Flood  bill which includes many other items  passed the House w/ a huge vote and should go to the Senate quickly.The Gridlock for year end items needs to be cleaned out and this is one that many will agree and enough votes exist to make it pass. President Obama should sign the bill quickly as Student loans are part of this as well for college funding. Please read the full article and call L & S Insurance for all of your Home, Flood, Auto, Business & Commercial and even life Insurance quotes at 1-888-244-7400.

http://www.insurancejournal.com/news/national/2012/06/29/253813.htm

 

August 30, 2011

Flood-FEMA rate increases almost guaranteed because of Irene.

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Home Owners Insurance, President, Propertyinsurance360.com | Tags: , , , , , , , , |
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The 9/30 date for Flood reorganization and rate hikes to make up the 19 billion shortfall before this storm now shows that everyone should have flood coverage and the rates need to be increased. We will see rate hikes here in Fort Lauderdale and all of Florida and they should start 1/1/2012 at about 20% average. The bill has already passed the house and now it will go to the Senate after the Labor day break and then to the president to sign off on. This will be an easy bill to pass and no one can say it will hurt them as a  20% hike will only be about $100/year for most. Please call L & S Insurance for all of your Insurance quotes for Home, Auto, Flood, Business and Commercial and life Insurance as well. Please enjoy the full article below from Properto 360.com;

http://www.propertycasualty360.com/2011/08/29/industry-hopes-irene-causes-nfip-reauthorization-u

 

August 1, 2011

Florida Home Insurance and the Federal Debt Ceiling vote!

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Health Insurance, Home Owners Insurance, Hurricane Updates, Legislators, President | Tags: , , , , , , , , , |
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All Insurance companies are worrried about rates of interest and rates of return that will affect their portfolio’s and could cause more rate hike’s if this happens. Since a deal was made last night, if the Vot goes well in favor in both houses, then  we do not have to worry, but good reading if so desire. This will be dealt with by our president and both houses today and tomorrow if necessary.By the  way, here comes Tropical storm and soon to be Hurricane Emily which will be the first Hurricane threat to S. Florida and the USA.Please read the full article and see how this affects  Fort lauderdale, S. Florida and all of Florida Home Insurance issues. Please call L & S for all of your Insurance quotes like Home, Auto, Business and commercial, Flood and Life Insurance as well.

http://www.insurancejournal.com/news/national/2011/08/01/208872.htm

 

July 14, 2011

Flood Insurance reform is approved by the house!

Posted by homeinsuranceguru under FEMA, Flood Insurance, Florida, Fort Lauderdale, Home Owners Insurance, Legislators, President | Tags: , , , , , |
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Flood Insurance thru FEMA  will be going up, but it is not going to be as much as was thought! There are caps that can be used every year and that cap was 10% max  and has only increased of late. The new cap was thought to be 28%, but will be maxed at 20% w/ the house bill. This bill will now need to be approved by the Full Senate and of course signed by the President.The 18 Billion dollar shortfall is what they are trying to resolve and look for a long term solution to the issue as well.These Increases here in S. Florida will be over $100 next year which is anther $10/month on your Escrow accounts. This will be on top of all of the Home Insurance rate Hikes we have seen already that have been 30-40% this year and should continue to increase at about  20% again next year on average. Fort Lauderdale Home Insurance will become very costly and has rates approaching where they were after Hurricane Wilma in 2006.  Please read the full article on Flood Insurance reform  getting closer and expect it all to happen soon. Please call L & S Insurance for all of your Home, Auto, Flood, Business and Commercial and Life Insurance as well in all of Florida and Fort laudedale as well.

http://www.insurancejournal.com/news/national/2011/07/13/206129.htm

 

December 23, 2010

Catastrophes in 2010, how did the reinsurer’s do financially?

Posted by homeinsuranceguru under Governor, Home Owners Insurance, Legislators, President, Reinsurance, Tallahassee | Tags: , , , , |
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You would think that will all of the natural disasters throughout the world, they would have lost their shirts and then some. Earthquakes, oil spills, all over the world and the reinsurers are making BILLIONS!!!!!!!! Now we have to ask, if they are making so much w/ all of these claims, why are they charging so much? If reinsurer’s charge less for coverage, the consumer   can pay less!!!  Why is our government allowing this to happen to an econonmy that sucks at best? Please call your Legislator’s in Tallahassee, in Washington and call the President. This  is not just a  Florida issue for Home Insurance and commercial policies, but nationally as well. Our Government needs to look into this and stop taking the money from the Insurance lobbyists  so this can’t keep happening. Please call my agency for Home Insurance quotes or any type of Insurance and we will get you what you need at the best prices available. Please read the attatched article and start asking more questions!  Merry x-mas to all;

http://www.insurancejournal.com/news/international/2010/12/23/115906.htm

 

December 13, 2010

Obamacare found to be Unconstitutional?

Posted by homeinsuranceguru under Health Insurance, Obama care, President | Tags: , |
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A Virginia Judge is looking to make life dificult for the President and now will likely tak this to the supreme Court?

Please read;

http://www.insurancejournal.com/news/national/2010/12/13/115615.htm

 

October 1, 2010

President Obama signs 1 year flood extension 9/30 last minute.

Posted by homeinsuranceguru under FEMA, Flood Insurance, Home Owners Insurance, Legislators, President | Tags: , , , , , |
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Why is this taking so long you ask, but please read the article on how the FEMA program through NFIP is 18 billion in debt  and our legislators are trying to figure out how to fix the problem. The easy assumption is to raise flood rates again and that is likely, but there also needs to be a future plan on  the entire issue and this will  hold things up. Congress did pass this quickly, but I do not know why the President took so long to sign off on an extension that is so desperate to the housing recovery of this country. Please go  to our blog page to get a quote on Flood, Home Insurance or auto as well.

http://www.insurancejournal.com/news/national/2010/10/01/113731.htm

 

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