December 2013


Here they are!

Please call L and S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business and Commercial, and Life and Financial products as well. Please see the list below;

http://www.insurancejournal.com/news/national/2013/12/30/315571.htm

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I think we may be getting greedy already!! The reason is we have included Louisiana. Florida is a stae where Flood policies with FEMA are profitable by a 3-1 margin. I believe the Louisiana numbers are reversed. Why would we want a non profitable state in this program. This could be where the problems begin as the greed grows. The one problem is that the program will be backed by Lloyds of London, but we will not have our Government to go to for disaster assistance when and if this begins. On the positive side, people in High Risk areas all over Tampa, Tarpon Springs area and Fort Lauderdale and Miami could all save a bundle and the program could also be a success. Time will tell and we will see how this proceeds. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life & Financial products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2013/12/30/315695.htm

There are many questions and still more to come as the bill submitted by Senator Jeff Brandes of St. Pete is now underway. What will the rates be, how will we pay for claims if they are in excess of what comes in and will the Government try to use Surplus lines carriers??? There is still the question as to weather this is even possible to do without FEMA. The Legislative session will begin in March and till then a lot of discussion will be forthcoming between many parties to see if the bill can hit the floor. The Biggert-Water’s bill may still be repealed as well, but about 268K of Florida Homeowners from Fort Lauderdale, Miami, and the Tampa areas primarily, could be dramatically affected by the bill if it is not repealed and this could help that scenario. If Florida does nothing and the Biggert -Waters Flood bill is not repealed, the Florida Real; Estate Market will be in total disarray with more homes listed and no possible buyer’s because of the Flood Insurance rates. Time will tell, but please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2013/12/19/315008.htm

12/14 was the day and lots of damage for a small Tornado. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance products as well. Please read the full story below.

http://www.insurancejournal.com/news/southeast/2013/12/17/314664.htm

It was set for 1/2/12, but now it will be by the end of January unless more snags come up. Governor Rick Scott really wanted this Bill and now Citizens Insurance president Barry Gilway has to make it happen. I will be in Orlando on Monday 12/16 to hear more details about the program, but it will be interesting to see how this plays out for all of us here in Fort Lauderdale and all of Florida. Please read the full article below, but please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance products as well.

http://www.insurancejournal.com/news/southeast/2013/12/11/314048.htm