April 2012

Currently under State Law the rate increase was mandated to be no more than 10%. The Citizens Insurance Board of Governors  wants to raise that cap to a higher rate like 25% or more. This is designed to make people get out of Citizens and not make the rate look so attractive. The increase would also allow more Private Insurance carriers to pick up some of the business and get the State of Florida off the hook for the coverage’s. Citizens Currently insures  1.5 million people and Governor Rick Scott wants that number cut in  half in the next 3 years or sooner. All of the changes that have occured so far have all been ordered by Governor Scott to help expedite the process. He wants Citizens to become the Insurance company of   last resort again and not a competitive carrier like it is currently. The rate cap is a Legislative one and must go through the Florida Congress in Tallahassee  for approval and none of them want to vote on this issue this year which is why the cap remains. Senator Fasano has been an advocate for keeping the rates down to help the economy and the Realtor association FAR has also done the same because insurance rates are so high that the Real estate market  is having a tough time and it is hurting the business which is a problem for all of us. The bottom line is that this will occur and most likely next year, so be Prepared.This article was sent t us by our Friends at First State Insurance. Please enjoy the Full article below by Paul Owers and Julie Patel of the Fort Laderdale Sun Sentinal and also call L & S Insurance at 1-888-244-7400 for all of your quotes for Home, Auto, Flood, Business & Commercial and even Life Insurance.



The Governor used his line item Veto to get rid of this bill which was a good idea. Senator JD Alexander added it to the Florida Budget last minute without any approval from the House or Senate to sneak it in. This could be misconstrued as  a loan from the State when it was designed to help w/ cat Fund Shortfalls so it must be removed. This could have had a positive inpact on people in Fort Lauderdale and all over Florida to save money, but it would have also put us at more risk and the State Budget could also be held responsible which is not wanted by anyone since we are currently in a huge deficit already. Please read the full article below and call L & S Insurance(1-888-24407400) for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance as well.


16 people, 250 million dollars, and a massage parlor all involved in Insurance Fraud. Now do you think the Legislators in Tall. did nothing this past session. The new bill signed by Governor Scott will do little about Fraud, it may cut down on Massages for Car Injuries, but not much else. The Governor should have forced a special session for real reform instaead of the bill that will  do little to really help.This bust is just showing us that so much Fraud is out there and they have no knowledge on  how to control it so it will continue w/ differant methods until the Lawmakers decide the time is really here. Please enjoy the full article below from our Friends at First State Insurance and the Fort Lauderdale Sun Sentinal. Please call L & S at 1-888-244-7400 and ask us for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance quotes.


Not likely think most people. The Ink is not even dry on the bill which starts in July, but scammers are already looking at ways around the bill which was rushed by Legislators in Tall. to avoid a special session  and a long battle. Obviously, the people in Tallahassee did not really think this would work, but they needed to pass some kind of bill so massage therapy and other items will have limits, but no reduction in rates are likely for quite some time and they could still rise since the solution is still not there. If they will not  try to prevent Fraud then Fraud will still occur. This info all comes from the Consumer Advocates and is also not firm, but expectations are not good. This article was sent to us by our friends at First State Insurance and the Sun Sentinal  and please call L & S Insurance(1-888-244-7400) for all of your Insurance needs like, Home, Auto, Business & Commercial, Flood and even Life Insurance. PLease enjoy the full article below.



If you want an Umbrella Insurance policy and you have Citizens Insurance then it will now be more dificult. You will have to change Home Insurance carriers or buy an additional Liability policy for another $150 of premium. This information was sent to us form our friends at First State Insurance and also from Progressive Car Insurance as L & S is a licensed rep for them. Please call L & S at 1-888-244-7400 for a quote for Car, Home, Flood, Auto, Business & Commercial as well as Life Insurance coverage’s.


Our Legislators in Washington DC are on leave till 4/16, but when they are back in session, they must deal with a Flood  problem that will again be an issue by 5/31/12   if no resolution is found. Many Senators who were against doing anything said they would deal with it this next session so we hope to find a new 5 year deal and not 36 months at a time. We also expect rate hikes as well. Please call L & S Insurance at  1-888-244-7400 for al of your quotes for Flood Insurance, Home, Auto, Business & Commercial as well as Life Insurance quotes. Remember FEMA runs the NFIP program so we will wait and see what will happen soon,