Here we go w/ the last minute posturing!!! Senator Fasano sent a letter to Governor Rick Scott and Senate President Mike Haridopolous asking this process be holted and and a full hearing should take place to determine what really should happen. Apparantly Governor Rick Scott also wants to eliminate Citizens in 4 years or so and force every one back into private carriers which would include Surplus lines. These are not state of Florida guaranteed and could leave thousands out to dry in hurricane or disaster just like what happened at Hurricane Adrew in Homestead in 1992. As if this was not enough Governor Scott and Senator JD Alexander also wants to change the name of Citzens to “Taxpayer Funded Property Insurance program” so everyone understands who really pays the bills! This bill is spoonsored by Senator Alan Hays and you have to wonder what they are all thinking about up there. Rates have to go up, that seems apparant, but the other things they are trying to do it is no wonder that the big Insurance carriers do not want to be here like State Farm and Allstate as we have this type of congress trying to do such weird things like this.What a welcome to Hurricane season w/ any news like this. Please call L & S Insurance for all your Insurance quotes and please enjoy the article from Tampa Bay.com and the Sarasota Herald Tribune.
April 25, 2011
Citizens Insurance raise rates and wipe it out in 4 yrs?
Posted by homeinsuranceguru under Allstate Insurance, Citizens Insurance, Florida, Florida Senator Alan Hays, Governor, Governor Rick Scott, Home Owners Insurance, Hurricane Updates, Legislators, Paige St John(Bradenton herald), Rick Scott GOP, Senator J.D. Alexander, State Farm updates, Tallahassee, Tampa Bay on line | Tags: Citizens, Florida, Home, Homeowners, Insurance, policy, State Farm |1 Comment
Advertisements
April 30, 2011 at 8:58 pm
I actually learned about virtually all of this, but with that in mind, I still thought it turned out beneficial. Great post!