Citizens Insurance under Barry Gilway the CEO since mid year, will drop more than 300K policies this year, which is more than the last several years combined. But now, Citizens Insurance  will look to try a new plan of Keep out. Since they are receiving more than 8K policies per week, they must slow this down to get the numbers down in the Citizens Book of business. we should here more in the next several weeks as to the details of the plan, but if the business can go to the Private market then the consumer will be better off. The Citizens policy is one of the worst in the industry and they are not trying to be the bext policy either. Since our legislatire will not do what it takes to reduce Citizens, which is a huge rate hike, other programs must be tried and will likly succeed as well. Please read the full article below sent to us by our friends at First State Insurance and written by Michael Peltier of the Fort Lauderdale Sun Sentinal below.  Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Comercial, and Life Insurance as well.

http://www.sun-sentinel.com/business/fl-nsf-citizens-brokering-policies-20121130,0,2912492.story

Advertisements