They have raised rates faster and have done more negative  changes that affect the consumer  than any other carrier, but they still  have incurred losses in 2011 totalling 511 Billion overall. The 50% increase to Citizens planned for next year  to help reduce the Citizens population so it will be able to afford the posible catastrophe is now more likely. This article sounds quite cheerful,but  it will hurt consumer’s and Real Estate owner’s as well as the entire Real Estate Industry.I do not know why Julie Patel of the Fort Lauderdale Sun Sentinal is so pleased with the story, but we will see real soon what happens. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for all of your Home,Auto, Business & Commercial, Flood and even Life Insurance quotes.This story was sent to us by our friends at First State Insurance.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/some_good_signs_for_citizens_i.html