March 2013

Depopulation, raising rates and a Keep out program are in there and loud and clear. Citizens Rates for Home Insurance policies would now be based on the top 20 priced carriers and the rate would be averaged out. Diffrant rates would apply when no coverage is available. This with rate increases at much higher rates then the past  to make them Actuarily sound, will be in order by 1/1/2014. This will raise rates tremendously in Fort Lauderdale and all of S. Florida the most. Citizens Insurance  will also move some of the Reinsurance risk to the private reinsurer’s and pass that additional 3% increase to the consumer as well. This cannot bode well with the Realtors and Homeowner’s of Florida, but a fix is needed.Issues like poly pipes and other issues with older homes at this point is not even a topic of discussion. A House bill also passed the first round, but it does not cover as much and most of this bill is likely to get in. More to come as it happens, but stay tuned. Please enjoy the full article below and please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial coverage’s and Life Insurance products as well.


All companies have this, but this is a State run entity, not even an Insurance company. Why are they traveling so far and so  extravagantly? Why are things going on like there is no supervision(Employee scams), because this is Citizens and this is how they have been and will continue until management really takes over and they stop working like the government entity they are. People like to complain, and some have no options for sure, but most can get out if they try. The agents they have do not have the carriers and they do not have the liability exposure to be forced to do the wright thing so they only try to get more business and say what is necessary to do so. Until this entire system is fixed then everything done is a bandaid  of which I have spoken often. In Fort lauderdale and all of S. Florida, or rates have jumped 50% or more in the last 2 years since Governor Rick Scott came to office and he did promise this would happen. Please read the full article about lot’s more Fraud here in Florida. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

Another Lawyer wants to make a name for himself with another Citizens Class Action lawsuit. This time it is about the Mitigation Inspections!! Since the new Inspection form was written by the OIR(Office of Insurance Regulation) with new requirements, Citizens was simply doing what they were allowed to do as do all other carriers.The rates in Fort Lauderdale and all of South Florida are higher because of it. Why does this attorney sue Citizens and not the OIR??? Now I remember, you cannot sue the OIR, so he needs another scapegoat. Perhaps this will get them to change the form again allowing some discounts to come back, but that is not likely. Please see the taxpayer’s waste of money and read the full article below.The article was written in the Fort lauderdale Sun sentinal and snt to us by our friends at First State Insurance. If you need help with your Insurance policies, please call us at 1-888-244-7400 and ask for a quote for Home, Auto, Flood, Business & Commercial and Life Insurance products as well.,0,6539777.story