Althogh this should have occured this year, the Citizens board will be likely to approve this new directive from Governor Rick Scott to raise the cap to 25% for 1/1/2013. This could raise another 100 Million per year in revenue to Citizens and help reduce the billions in debt it will have at the next Hurricane.Senator Faano has been a Consumer advocate in this matter and although I do not agree w/ him on many things, he is correct that the entire system is in shambles and needs a total overhaul. In my opinion, we need to begin w/ every carrier that writes car Insurance here in Florida and chooses to not write Home Insurance like State Farm, AllState, Geico, Progressive, Mercury, Traveler’s, Nationwide. If they do not write Home Insurance, then they should not be alowed to write the Auto. Please enjoy the article below sent to us by our friends at First State Insurance. Please call L & S Insurance for all of your home, Auto, Flood, Business & Commercial, and even life Insurance quotes at 1-888-244-7400.
May 17, 2012
Citizens Insurance increases could be 56% in Fort Lauderdale and all over Florida.
Posted by homeinsuranceguru under Allstate Insurance, Auto Insurance, Citizens Insurance, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Senator Fasano, State Farm updates | Tags: Alll State, Auto Insurance, Car Insurance, Citizens, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home, Homeowners, Insurance, Mercury, our partners at www.1ststate.net, policy, Progressive, Senator Mike Fasano(R), State Farm, Traveler's |Leave a Comment
August 26, 2010
Traveler’s wins Asbestos suit against Re-insurer’s!!
Posted by homeinsuranceguru under Traveler's Insurance | Tags: Insurance, Traveler's |Leave a Comment
All of the re-insurer’s thought they would be able to not pay for this, when Traveler’s had done the right thing! Now it is there time to pay up and repay Traveler’s for the monies spent! 262 million back to Traveler’s is the amount won in the suit and Traveler’s will be made whole for doing the right thing to the consumer.
http://www.insurancejournal.com/news/national/2010/08/25/112758.htm
