The article, written by ACI President Steve Pociask, can be read and downloaded at the News-Press.Com website.
Although the waters have been seemingly quiet this hurricane season, National Hurricane Center data reminds us the Atlantic Ocean’s fourth named tropical storm usually doesn’t form until the end of August. With Andrea, Barry, Chantel and Dorian already named, it is possible this is the year Florida’s good luck runs out. According to the final “preseason” forecast released by experts at […]
Here is one Floridian paper’s news release summarizing the signing of the Citizens Reform bill today.
Reporter Maria Mallory-White discusses proposals to reduce the size of Citizens Corporation, the state-run homeowners insurer. The article is available on the Sun-Sentinel’s website.
The Sun-Sentinel article is available at their website.
This is a ConsumerGram was written by Joseph P. Fuhr, Jr. and Steve Pociask. It can be downloaded as a PDF here– ConsumerGram
The News-Press Article is available online. Welfare for the Rich Floridians should be outraged and policymakers should be too. Government-run Citizens insurance, now the biggest insurer in Florida, is Robin Hood in reverse. Citizens provides artificially low insurance prices to homeowners along the hurricane-prone coast, and requires other homeowners to pick up the cost of […]
This Op-Ed provides evidence that those benefiting from subsidized homeowners insurance are wealthier and have higher incomes than those Floridians being asked to subsidize this insurance. The article was published in the Tampa Tribune today and can be read here.
Here are links to recent press on ACI’s testimony in Florida. In testimony, ACI Exposed the State Insurance Plan as a Subsidy for the Rich. Bigbill—and maybe higher rates—coming soon on Citizens Property Insurance http://hosted.ap.org/dynamic/stories/F/FL_CITIZENS_INSURANCE_IG_FLOL-?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT http://insurancenewsnet.com/article.aspx?id=370280&type=insider#.UQKv9S8o4b0 http://www.gainesville.com/article/20130123/APN/1301230566?template=printpicart http://www.miamiherald.com/2013/01/23/3196033/lawmakers-seek-to-create-ig-for.html http://www.theledger.com/article/20130123/POLITICS/130129667
Florida’s Citizens Property Insurance Corp. was created to cure a shortage of property insurance available to homeowners. Curing a shortage was a noble goal, but the cure has turned malignant. Citizens adopted a pricing strategy that engaged in below-cost, predatory pricing, pushing away competing insurers and seizing a dominant share of the market in Florida’s […]