4 larger carriers have come together to take out policies from Citizens Insurance. Florida Peninsula, Homeowner’s Choice,Southern Fidelity and Southern Oak will all take 150K policies in 2013. On top of this citizens is looking to depopulate another 500K policies over the following 2 years with differant carriers and a meeting today will set all of this in motion. The new plan will use hundreds of millions of dollars to remove all of these policies, but the risk of Hurricane claims  will be reduced and the State of Florida will be in a better position because of it. The problem  that still exists is when will Home Insurance prices come down as the Real estate market cannot handle these  prices and still sell homes. When Insurance and taxes are almost as high as the mortgage payment it is hard to qualify for a new mortgage?? Please call L & S Insurance for all of your Home, Auto, Flood, Business & Commercial and Life Insurance quotes as well at 1-888-244-7400.Please read the full story below;

http://www.insurancejournal.com/news/southeast/2012/09/07/262240.htm