November 2012


Ask Jack Stumpff who owns a Garage door company and is questioning why people are being denied coverage because of garage doors that are only Impact rated. Other doors also protect the homes quite successfully,but no credits are given because it does not meet the State levels.  Jack took his case to Tall. and against the Office of Insurance Regulation and he won the case. Now we should not think that it ends here as the OIR will now appeal the case and until the appeal is complete, which could take years, the form will be the same and no additional discounts will be given at this time. This story was written by Ariel Barkhurst of the Fort Lauderdale Sun Sentinal and brounght to us by our friend at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business and Commercial and Life Insurance policies as well. Please enjoy the full story below;

http://www.sun-sentinel.com/business/fl-hurricane-insurance-forms-20121127,0,3577041.story

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This has been going on for a  long time at Citizens Home Insurance Corp. and now things are being investigated By the new Chief Barry Gilway  as to how this will affect all of us in Fort Lauderdale & all of Florida. HR issues, Legal issues and company perks as well as people being terminated and what did and should have happened. Just more corporate BS from Citizens and why you should be shopping for any carrier besides Citizens when that option is available. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Busienss & COmercial and Life Insurance policies as well. Please enjoy the full article from The Floirida Insurance Journal below.

http://www.insurancejournal.com/news/southeast/2012/11/23/271463.htm

The increases will be 14.9 percent, but in Fort Lauderdale and most of South Florida that could mean 20-30% so look for the next renewals. Allstate did ask for 30% or more so this is a win for the consumer’s I guess. Please call L & S Insurance at 1-888-244-7400  for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well. Please read the full article below;

http://www.insurancejournal.com/news/southeast/2012/11/21/271370.htm

The Fort Lauderdale Sun Sentinal has the article and it was sent to us by our friends at First State Insurance. If you want to know why we pay so much in car Insurance here in South Florida, please read about Fraud and how bad it really is. Think of the millions in false claims and what Insurance had to pay.  If people stopped thinking about themselves and did business the correct way, we would not be as bad as it is currently. PIP fraud must go away for all of us to see real reductions in Car Insurance rates. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Busienss & Commercial and Life Insurance quotes as well.

http://www.sun-sentinel.com/news/palm-beach/fl-chiropractor-plea-20121105,0,6968750.story

How could this be? Well it is easy when you realize that this is a global world and Insurance companies all purchase re-insurance to protect themselves from disater’s like this one. No differant than a Sunami in Japan, when the reinsurer’s like Warren Buffet’s company get hit hard, they spread the risk and charge everyone else more to cover their losses which will definitely affect Florida Home Insurance rates in 2013. The increase could be as much as a 10% state wide average  on top of other rate hikes still to come next year so be Prepared for higher priices still next year. Please read the full article in the Fort Lauderdale Sun Sentinal below and sent to us by our friends at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://www.sun-sentinel.com/business/fl-insurance-20121031-8,0,2865075.story