Please call  Gateway/ Acentria Insurance at 1-888-244-7400 for free quotes on Home Insurance, Auto, Flood, Private Flood, Business & Commercial & Life, Group benefits and Heath Insurance products.

For South Florida homeowners, 2017 already figured to be a year of steep property insurance rate increases.

For customers of two insurance companies, state regulators have made those increases even steeper than the companies sought.

Why? State regulators say high costs stemming from excessive claims in the tricounty region requires the companies to charge customers more money than they would prefer.

The state “has an obligation to approve rates that are [financially] sound — which may be more or less than what a company requests,” said Sha’Ron James, the state’s Insurance Consumer Advocate, who did not participate in the rate decisions.

Two companies — Deerfield Beach-based People’s Trust Insurance and Tampa-based Homeowners Choice Property & Casualty — this week received approval for larger rate increases than they requested.

People’s Trust, with 54,267 home- and condo-owner policies in the tricounty region and 129,365 statewide as of Dec. 31, sought a 14.5-percent statewide average rate hike and instead got a 16-percent hike.

Homeowners Choice, with 53,040 home- and condo-owner policies in the tricounty area and 130,041 statewide at the end of the year, sought a 3.3-percent statewide average increase and instead got an 8-percent hike.

Please read & enjoy the full article below;

http://www.sun-sentinel.com/business/fl-bz-insurance-rate-hikes-20170509-story.html

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Thousand of customers of Citizens Property Insurance Corp. might be switched to other insurers without realizing they have a choice.

The state is allowing four private insurance companies to select nearly 100,000 policies to take over from Citizens by fall. Property owners can opt out of the switch, but the process has created confusion among policyholders, according to insurance agents and consumer advocates.

“It’s a disaster — no one understands,” said Pembroke Pines insurance agent Jonathan D. Rausch, who has fielded calls from homeowners after insurance companies sent letters announcing that the state approved them to “take out” policies from Citizens.

Some 119,434 Citizens policies have already been assumed by private insurers in the first seven months of this year.


Photos: 100 things to do with your kid this summer


 

On Friday, the Office of Insurance Regulation announced a new round of takeovers. It approved the removal from Citizens of up to 91,499 multiperil personal residential policies and 5,732 commercial lines polices.

Homeowners who want to stay with Citizens are required to send in an opt-out form, which is included in the letters. In previous cases, the letters often did not include information about rates.

Citizens will send a follow-up letter that explains the benefits of private-market coverage and reminds customers that they can stay with Citizens, spokesman Michael Peltier said.

Ideally, Citizens would like to reduce its number of policies to 650,000 to 700,000, Peltier said. It’s now down to 933,422 after reaching a peak of 1.4 million in April 2012.

 

Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial policies,& Life & Financial products as well. Please enjoy the full article below in the Sun Sentinel and brought to us by our friends at First State Insurance.

http://www.sun-sentinel.com/business/fl-citizens-removing-policies-20140811,0,6558376.story

 

 

 

 

 

Florida Insurance Consumer Advocate Steve Burgess is concerned that some homeowners may not even open a letter from one of the state-approved companies.

“The question is: Do they read it?” he asked. If they don’t, they might be switched to another company without knowing it, Burgess said.

I spoke of this before and last year was such a waste of time and taxpayer dollars. Now Legislators In Tall. may decide to finally do away with PIP and no longer need to be a No Fault State to get everyone Insured!!! Rates for car Insurance in Fort Lauderdale and all of S. Florida are o the rise with Fraud claims leading the pack. Please enjoy the full article Below from the Fort Lauderdale Sun Sentinel and sent to us by our Friends at First State Insurance. Please call L & S at 1-888-244-7400 for quotes on Home, Car, Flood, Business & Commercial, and Life Insurance & Financial products as well.

http://www.sun-sentinel.com/fl-no-fault-auto-insurance-20131020,0,7167579.story

What a waste of taxpayer dollars last year to spend all the time to pass a bill when everyone knew that to repeal PIP is the only real solution to a lot of Fraud here in Florida. Fort Lauderdale and Miami are impacted the most, but all of Florida needs some rate decreases somewhere so making Florida a PIP state no more would be a better suggestion to all. Let’s see what the legislators in Tall. do now??  Please read the full article below from the Fort Lauderdale Sun Sentinal and written by the Tallahassee division, but sent to us by our friends at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial Coverage and Life Insurance as well.

http://www.sun-sentinel.com/news/fl-pip-no-more-20130402,0,6803996.story

Check out Ana, just one of many who turn Florida into Fraudula.  You never know who you are dealing with and Ana has been doing this for a long time. All for money, she put her own 5 kids into harms way and asked them to even lie for her to the court so she would not go to prison. Apparantly a Judge and her children  saw differantly, thank god, and did the correct thing by locking her up and putting her kids in a safer environment. Too  bad it was only 6 1/2 years as she deserves more. This type of crime is why we pay so much for Car Insurance and why our sytem of No fault is crazy and needs to be changed. This also  shows that the bill signed into law in 2012 did nothing and it will still continue to get worse. Please enjoy the full article about Ana and her story  from the Fort Lauderdale Sun Sentinal and sent to us from our friends at First State Insurance. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance quotes as well.

http://www.sun-sentinel.com/about/tribune-search/fl-staged-accidents-with-kids-20130110,0,5425652.story

I still think Citizens does not know what they want to do. Mr. Gilway says that depopulation must occur, but we cannot offend anyone in doing so and hurt the consumer. I agree, but something must be done. A new Keep out plan is in place with hundreds of thousands  more depopulations scheduled already. Keep out means that when you sign up with Citizens an admitted carrier might become available to you and you will be told to not be in Citizens and go to that carrier. This has been tried in the past and failed beacise of many issues, but perhaps this time they may get it right. This article has alot of good info that I have been discussing for many months now, but it is  good reading. Please enjoy the article from the Fort Lauderdale Sun Sentinal and sent to us by our friends at First State Insurance. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Inurance as well.

 

Investigations, accusations, Governor Rick Scott,Barry Gilway, State Rep Frank Artilles,State Rep Mike  Fasano, A National Cat Fund and The Blame game are all in this article from the Fort Lauderdale Sun Sentinal, and writtten by Charlotte Greenberg and sent to me by our friends at First State Insurance. This is like, no This is, a Soap Opera clearly and all of us are the recipients of higher rates and mismangement and misconduct at a minimum. Please read the full article about Citizens Home Insurance and see what the next Legislative session in 2013 will be all about and then in 2014 new elections for  the Governor’s race as well. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial Coverage and Life Insurance as well.

http://blogs.sun-sentinel.com/condoblog/2012/12/citizens%e2%80%99-events-unfold-fast-and-furious.html