Senator J.D. Alexander

The Governor used his line item Veto to get rid of this bill which was a good idea. Senator JD Alexander added it to the Florida Budget last minute without any approval from the House or Senate to sneak it in. This could be misconstrued as  a loan from the State when it was designed to help w/ cat Fund Shortfalls so it must be removed. This could have had a positive inpact on people in Fort Lauderdale and all over Florida to save money, but it would have also put us at more risk and the State Budget could also be held responsible which is not wanted by anyone since we are currently in a huge deficit already. Please read the full article below and call L & S Insurance(1-888-24407400) for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance as well.

GeoVera is the company that wants 50K policies and it looks like if they meet certain guidelines by the State of Florida this will happen. 50K is not enough, but that will open the door for mare carriers to do the same. The protection does not come from the State of Florida and people will not have a choice to go back to Citizens either.The prices may even be higher, but Citizens does not seem to care so this could happen soon. This would be another Non legislative way for Citizens to get rid of clients as fast as they can. Legislators will never vote to do what  is needed because they want to get re-elected and they  are very shortsighted, but I am with the Governor on this one. Anything to make Citizens a non competitive company w/ prices and coverage’s that are not something anyone would want unless they truly have no options. Please enjoy the entire article and please call L & S Insurance for all of your Home, Auto, Flood, Business & Commercial and even LIfe Insurance policies for Fort Lauderdal and all of Florida.

Whoever wants to be in Citizens Insurance should read this first. Many have no chaice and many have choices that they do not take or do not know about?  How could this be you ask???  Well, Florida law states that the agent only needs to tell the client about the products they have to sell and not what may be available in the marketplace otherwise. An MD could go to jail for this, but not Insurance agents. When you consider that some agents only sell Citizens and therefore cannot give a client a true scenario of what options exist you can see that our system is questionable at best. As an example State Farm agents only sell State Farm products and Citizens Insurance in Florida. They can only quote Citizens by State Farm policy  and heaven forbid this company goes away as our new Governor Rick Scott seems to want to do, our Insurance industry would be  more of a disaster then it already is. Please read this article by Senator JD Alexander in a response to Paige St. John’s article on Citizens and please remember to contact L & S Insurance on thisBLOG page for all your Insurance quotes;

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.

I have posted Blogs on this before and it is getting ever so close to passing the full House and Senate in Tallahassee. Write now it passed committee by party lines, but it will have no problem pasing the full Legislative body when asked. In Tall., money talks and Citizens Insurance is nearly broke and the state does not want to pick up the burden.Senator Alan Hays and Senator J.D. Alexander are among the Legislators trying to push this bill through to  Governor  Rick Scott who has promised to already sign quickly.The changes will be as follows;

20% state wide average increases which can mean up to 40% each year for the next several years at least. Switching to Citizens from another admitted carrier will be more dificult w/ 25% premium diferances and of couse less coverage for all this money you will be charged. This is supposed to tell people to get out of Citizens and get better coverage’s and prices elsewhere.The real problem comes in that every other carrier is also taking large rate hikes to make themselves more fiscally healthy as requested by the OIR , the Insurance commissioner and our new CFO Jeff Atwater  as well. The bottom line is rates are on the rise and who will be able to afford this new rate scenario in an economy like this. All of this just in time for the new Hurricane season only 2  months away!Please read the full article below and please call L & S Insurance to get the best quotes for Hoem Insurance , Auto and commercial as well;