Our Cat fund needs 17 Billion(which I think is way to low) to meet it’s curent Immediete needs, but the fund is more than 7 Billion short now. If you wait for the storm and issue Bonds it will be harder to sell and more costly. Who would want a bond on a State that has been clobbered already! If you buy now, you are betting the storm does not hit or hits in a less populated area. 2 Billion is better than none, but let’s see if the offer actually sells when it is available. In the meantime we await more news about The property Insurance bill which is still making it’s way through Tallahassee with our Legislators. In Fort Lauderdale and South Florida we wait to see how bad the Citizens rate Increases will be which will also dictate prices of other home Insurance companies going into next year. Governor Rick Scott could veto the bill, which would be a surprise as he has pushed for it, but if he does it will be to win votes for the re-election.Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well. Please enjoy the fullarticle below from the Insurance Journal.

http://www.insurancejournal.com/news/southeast/2013/04/17/288636.htm

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