Rates are on the rise in Florida as we head into  Hurricane season. The problems in Florida date as far back as Hurricane Abdrew, but rate rollbacks promised by Governor Christ when he took office 3 years ago has been the big reason that companies are having financial dificulties like Northern Capital and Magnolia of late. Even Citizens Insurance will have big issues if a hurricane were to come ashore in Florida this season and then we are all in trouble. The reserve requirements for new startup companies has been increased from 5-15 million and increases from there to help protect the State of Florida  and the Florida Cat fund if anything goes wrong this season and going forward.Let’s hope for the best adn call L & S Insurance for the best service. Please read the full article below;

http://www.insurancejournal.com/news/southeast/2010/05/14/109844.htm#axzz0nvUuLcn9

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