Allstate Insurance

Please call  Lee from  USAsurance  & Calle Financial. 954-270-7966, Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to the employer.

At WeInsure, since we carry National General, we will soon also be able to sell Allstate policies!!!!!

U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and reduced claims.

National General’s shareholders will receive $32 per share in cash and closing dividends of $2.50 per share for each share held. This would imply a total deal value of $3.92 billion and a premium of about 69% to National General’s Tuesday close, Reuters calculations showed.

Please enjoy the full article below;


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;

Please read the article and I know it says 40%, but these are state wide average’s. Do not think that Jacksonville, Gainesville and Tallahassee will seee major increases. The Pan handle will see some big Increases, but again in S. Florida, we could see 40-60 or  80% so start shopping now. If you are an Allstate customer with a Castle Key policy, watch out for your renewal. Once this is approved we should see increases quickly so I would assume for November renewals, but time will tell. Please call L & S Insurance for all of your quutes at 1-888-244-7400. We will quote your home, Auto, Flood, Business & Commercial, and Even Life Insurance quotes as well. PLease enjoy the article and send us your referrals.

Althogh this should have occured this year, the Citizens board will be likely to approve this new directive from Governor Rick Scott to raise the cap to 25% for 1/1/2013. This could raise another 100 Million per year in revenue to Citizens and help reduce the billions in debt it will have at the next Hurricane.Senator Faano has been a Consumer advocate in this matter and although I do not agree w/ him on many things, he is correct that the entire system is in shambles and needs a total overhaul. In my opinion, we need to begin w/ every carrier that writes car Insurance here in Florida and chooses to not write Home Insurance like State Farm, AllState, Geico, Progressive, Mercury, Traveler’s, Nationwide. If they do not write Home Insurance, then they should not be alowed to write the Auto. Please enjoy the article below sent to us by our friends at First State Insurance. Please call L & S Insurance for all of your home, Auto, Flood, Business & Commercial, and even life Insurance quotes at 1-888-244-7400.

They want to be independent, but they also want the big company name and now they want both! Allstate agents( Including all subsidiaries like Castle Key) want everything and  let’s see how far they go. I am an independent  agent and  L & S is my agency. I do not have the big company affiliation, my marketing expenses are mine and my decision only. No company advertises to call L & S Insurance in Fort lauderdale for a quote, I do all of that w/ my marketing efforts. Local Allstate agents do not have to do that as it is part of the Franchise fee they pay so why should they have both, I guess I would love both, but I have the hand I dealt my self and I  am pleased where we have come to this point. All the best to them, but I think they will soon realize that w/ Union dues and Union Strikes when the Union is not happy it  could hurt them as well.  Please be mindful of hurricane season now as we are in the peak  season and the storm activity will pick up. Please call L & S for all of your independent  Home, Auto, Flood, Business, Commercial and even Life Insurance.Please enjoy the article below;

The  OIR has backed   All State Insurance saying  it was necessary and they were happy that All State still remains a viable carrier in Florida. The increase for those policy holder’s will be quite substantial in Fort laud, S. Florida and all of Florida, but the worst will be in S. Florida as the increases could truly mean 50% or more. This will be no differant then any other carrier and State Farm has already done this, but worse. We have seen some clients come from State Farm w/ increases that are nearly 300% form the prior year. What makes this worse is that most carriers are also re-inspecting homes for Wind mitigation Inspections and people are loosing doscounts and when that get’s compounded on top of an increase it feels even worse, consumer’s are very upset and I do not blame them. Governor Rick Scott and the Florida legislative body all seem to agreee this is what must be done and it is happening. New people buying Homes should be made aware of the increased cost since many are still trying to squeeze people in and that is a problem many times.Please remember to call L & S Insurance for all of your Home, Auto, Flood business and commercial Coverage’s as well as Lfe Insurance for Fort Lauderdale and all of Florida.


These increases will be a State wide average of 34% which will be huge for S. Florida as the numbers are usually double that number here?? The company Castle Key Insurance  is the carrier which used to be Allstate Floridian. They took a normal increase last year, but this one will be almost triple the last one and on top of it of couse.  The increases should come soon and of course during  Hurricane season the toughest time to shop for a new policy at better rates.Please call L & S Insurance for all of your Home, Flood, Auto, Business and commercial and Flood  quotes as well as life Insurance.

An article by Julie Patel of the Sun Sentinal on the reality of Home Insurance in Florida. 15% / year increase will allow Insurance to double in 5 years and who can afford that or why would people move to Florida knowing this. This is what Governor Rick Scott asked for in his campaign and this is what the Legislator’s in Tall approved last weekend. Now it will be passed into Law in a few weeks. Soon the Citizens Insurance bill will also pass and be signed and 2012 should have some of the highest Insurance rates ever in Florida. They say, that in time, competition will happen w/ higher premiums and some big Companies like State Farm, Allstate and other’s come back to the Florida marketplace. This may happen, but I am doubtfull and this will not be a good solution for Floridians, but great for the Big Insurance carriers. Please read the article by Julie Patel below and remember to contact us at L & S Insurance on this Blog page for Home, Auto and all Insurance quotes.

  This Blog below is from Jeff Grady of the FAIA(Florida Association of Independent agents). Jeff talks about my comments which are how can property Insurance reform happen if the Citizens Insurance bill did  not pass? The entire objective was to eliminate Citizens Insurance in 4 years and to bring more Home Insurance carriers to Florida.State Farm, All State, Nationwide and many other’s will not return until Citizens is priced as the last and highest insurer. Citizens needs to be priced to be on the high side and not competitive.Our legislators are applauding what they did, but in Tallahassee all they did is like usual, create a bad situation by not doing al that needs to get done.  How can this happen if Citizens is not only competitive, but very resonable now. With rates only scheduled to increase 10% next year, and other  carriers are at 30% or so, everyone will want to go to Citizens and the 1.4 million policy holder’s in Citizens will not shrink, but grow substantially.Please read jeff grady’s Blog and remember to call L & S Insurance for alll your Home Insurance and auto Insurance quotes as well. Please contact us on this blog Page;



Property Insurance Reform…Where You Stand Depends on Where You Sit.

Posted by Jeff Grady on May 10th, 2011 8:51am

Whew!  The session is finally over and many ideas, good and bad, have effectively been laid to waste.  One that now resides in the proverbial scrap pile is a Citizens reform bill that FAIA continues to believe is essential to accomplishing comprehensive property market reform in Florida.  While agents and the industry should rejoice over the passage of SB 408, it is my view that only half of what was sorely needed actually got done. 

Remember, the goal proclaimed by most policymakers and industry insiders was to restore fiscal health and stability to the private market AND attract new capital to Florida by diminishing the super-competitive stance of Citizens.  Mission accomplished on the first part:  SB 408 is indeed a much stronger version of the two previously vetoed property reform bills and will undoubtedly go a long way toward curing Florida’s newfound sinkhole epidemic that has effectively raided carriers’ claims paying capacity for future storms.  Further, the bill tries to make Florida more like the rule rather than constantly being the exception.  Restoring the RCV holdback provision, reducing the 5 year claims filing window, providing for expedited rate filings to recoup reinsurance costs, etc., represent a good start to making our property insurance market a more sensible place for insurers to do business.  As an added bonus, the FAIA drafted language to exclude agent commissions (acquisition costs) from overzealous regulation also passed as part of SB 408.  No longer will the regulator be able to “directly or indirectly” dictate what a company can pay its agents…not necessarily a problem that exists today, but definitely a solution that should prevent such from occuring again.   

So what about the second part:  Citizens reform?  While FAIA lobbyists were able to assist in the exportation of a few significant provisions from the Citizen’s bill and successfully amend them to SB 408, the truth is the most meaningful language regarding rates and coverage was scrapped and left for another Legislature to tackle.  I believe this adverse development leaves the stated policy goals for property insurance reform unfulfilled.  Said another way, how can Florida expect to attract new capital to its residential homeowners market when the state’s own insurer represents such fierce competition?  How will private companies realistically be able to remove material numbers of Citizens’ approximately 1.4 million policies when every insurance expert (including Citizen own actuaries) publicly acknowledges the company’s rate inadequacy of 40-50%?  Remember, Citizens policyholders have the right to decline a take-out offer.  Couple that with the memory of a horribly failed regulatory experiment which required take-out companies to maintain Citizens rates for up to three years after removal, and the task of depopulating the state-sponsored insurer via new capital formation looks daunting. 

In the meantime, Florida’s homeowners market is going through a reinsurance transformation that once again, will make Citizens a competitor like no other.  Two things are primarily responsible for this recent change:  capacity constraints stemming from Japan’s Earthquake/Tsunami and the new RMS Catastrophe Model which projects much higher potential losses to Florida’s inland counties from hurricanes.  Bottom line…reinsurance rates are headed higher and it will likely take more of it to cover the same portfolio, particularly for those companies that have seemingly done the right thing and balanced their coastal exposure with business from inland parts of our state.  Realize, the use of the RMS model is largely dictated by the reinsurance industry when they offer terms to private insurers.  While Florida’s Hurricane Methodolgy Commission has yet to approve the use of the new RMS model when companies are seeking rate changes, the reinsurance world doesn’t necessarily revolve around Florida…rating agencies also have a very big say here.  Thus, several carriers are already pricing for these factors and setting their rates accordingly.  That fact is evidenced by a bevy of recent announcements from property insurers that limit capacity in inland counties, while also increasing rates for those risks.

Now, consider this…Citizens will experience practically none of the aforementioned problem.  Why?  Because it isn’t required to purchase reinsurance!  Yes, there is indeed another proposal on the table for Citizens to possibly acquire reinsurance for the 2011 storm season.  But (and it’s a big “but”), the proposed coverage is only for the HRA account and would only change Citizens’ storm worthiness to be able to cover the 1 in 34 year event.  This is only a slight increase from its current capability of covering the 1 in 32 year event.  Said another way, the Citizens reinsurance proposal would cost $107 million to provide only $500 million in coverage, and there is no provision for a second event.  This hardly moves the needle in terms of squaring the reinsurance concerns of the private market with those of Citizens.  Thus the “super-competitor” lives on and makes the idea of new capital formation around Citizens takeouts look doubtful.

With all of that said, there is one more noteworthy deterrent to returning Citizens to its original purpose of a residual property market.  That one can best be seen by looking at the constituency Citizens has effectively gained over the years by offering a public subsidy.  Noticeable in that group are consumer groups like FIRM (Fair Insurance Rates for Monroe County), legislators from coastal or sinkhole prone areas, and finally, agents who never wrote a property policy prior to gaining an appointment with Citizens.  Indeed, the appeal of government subsidized insurance is a powerful elixir.  These groups are organized and fight hard for Citizens’ right to exist in its current form.  In doing so, they seem only so happy to burden Florida’s taxpayers with the real cost of the insurance they buy or sell…an eventuality sure to come again without a significant change in course. 

So, what this all means is there is still much work to do to restore Florida’s property market.  This is not to suggest that Citizens should go away.  I do not believe that is possible, as there will always be some portion of our state’s catastrophic wind exposure that private insurers will simply leave uncovered.  But, that fact in no way justifies the footprint Citizens currently lays down in our marketplace.  It’s irresponsible, it could be very costly in the future and thus, I remain faithful that a comprehensive bill to reform Citizens will ultimately occur.      





Jeffrey W. Grady


Florida Association of Insurance Agents

850-893-4155 ext. 379

850-668-2852 (fax)

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Here we go w/ the last minute posturing!!! Senator Fasano sent a letter to Governor Rick Scott and Senate President Mike Haridopolous   asking this process be holted and  and a full hearing should take place to determine what really should happen. Apparantly Governor  Rick Scott also wants to eliminate Citizens in 4 years or so and force every one back into private carriers which would include Surplus lines. These are not state of Florida  guaranteed and could leave thousands out to dry in   hurricane or disaster just like what happened at Hurricane Adrew in Homestead in 1992. As if this was not enough Governor Scott and Senator JD Alexander  also wants to change the name of Citzens to  “Taxpayer Funded Property Insurance program” so everyone understands who really pays the bills! This bill is spoonsored by Senator Alan Hays and you have to wonder what they are all thinking about up there. Rates have to go up, that seems apparant, but the other things they are trying to do it is no wonder that the big Insurance carriers do not want to be here like State Farm and Allstate as we have this type of congress trying to do such weird things like this.What a welcome to Hurricane season w/ any news like this. Please call L & S Insurance for all your Insurance quotes and please enjoy the article  from Tampa and the Sarasota Herald Tribune.

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