October 2009

American Keystone Insurance company was put into receivership a  few weeks back and all policies were to cancel on 11/8/2009. There are 5500 policies and Homeowner’s choice will roll them over. this will save them from having to go into citizens Insurance. Customer Service is nuch easier for the agents when this happens. This makes it better for the clients as well.Please read the full story below;



The amounts will vary and even though it was reccommended to raise the rates the full10% across the board, Citizens has decided to do it more gradually. For the  State of  Florida,Citizens Insurance and all Insurance companies, we need to pray that a Hurricane does not hit in the next few years as the time for recovery will be slow at  the approved 5.4%. Please read the full story on Home Insurance issues w/ Citizens here in Florida.


In a unanimus decision, 21st Century said no to Homeowner’s Choice Insurance on the tender offer to buy them out.! 21st century feels the offer of nearly 40  million was  way too low and should have been higher. Both companies do Home Insurance products, but 21st Centure has amuch bigger portfolio and more licenses in more states and places. Please read the full article below;


We at L & S specialize iin the Florida Home Insurance, Flood Insurance and Auto Insurance markets. WE are also full service for Life Insurance products as, but our specialty is in the Home Insurance markets. We are writing w/ Currently 17 carriers and we are 1 of the few agencies that have them all.  Federated,Cypress,Sawgrass,Argus and now Prepared Insurance give us at L & S the best options to help you and your clients. On top of all the other carriers we have this is the newest batch to re-open or open and appoint L & S with only a handfull of appointments  from each company. This ability together with getting you Mitigation discounts will help you save money even though prices are rising. When we give you a  complete quote, you know we have done our homework  well. Please cal or e-mail us if you want to Shop. State farm is still raising rates nearly 27%  and Universal has also raised rates significantly. You need the ability to shop rates  and together with our Great Cusstomer Service, we are the ones to call.


Lee S. Gorodetsky,LUTCF,CLF



As if the Insurance industry is not bad enough, now the agents are even doing small timer false claims! The Insurance Industry  now has to deal with  these small Fraudulent claims w/ Progressive Car Insurance just make Insurance agents everywhere look bad. Even issues in the Carolina’s make Floridians and Insurance agents everywhere look bad.Customer service is king and we are very  good at it. Please read about those who try to commit Fraud;


Citizens Insurance has given about 700 million in credits to it’s policy holder’s and now the Homework begins to validate the credits. If your home was not mitigated properly then watch out!!!  Please read the full article below and call your customer service dept to be sure your discounts are propor.


Many Clients had been told after trying to file a Chinese drywall  claim w/their  Citizens Home Insurance policy that it was not covered and now they would also be non renewed!! It seems as though our insurance commissioner has asked them to reconsider non renewing policies for this reason.This will  not help w/ the dealing of the Chinese drywall issues, but at  least they still have insurance. Customer service is king and when you cannot even offer a policy it is never pleasant dealing with clients in this scenario. Please read the full article below.


The President of Associated Industries has stated that Florida would be fiscally irresponsible if they do not  raise every Citizens Insurance policy by 10%.Their  Home Insurance rates have not been fiscally sound for at least 5  years and the increases should stay at 10% until this occurs. Please read the entire article  about Citizens, Home Insurance and the financial struggle of the State of Florida.


Universal Home Insurance company will start with rates up an average of 14.6% starting today and renewals start in December. This is not good news for consumer’s, but since most companies are all filing for increases this is what we have been expecting. Even Citizens Insurance  start the increases soon and only shopping or a new Mitigation inspection will help. Please call our agency for help.Please read the full article below.


Thanks to El Nino the Hurricane season has beem the slowest in 10 years and this is just what we  needed!!!  We will need 4-5  more years like this to have a real recovery, but this is a great start.Although Home Insurance prices including Citizens Insurance  are still on the rise, quiet hurricane seasons for a few years will help in the long run to stabalize the Insurance industry.Please read the full story on the quiet hurricane season.


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