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  • NAACP Says No To Confederates 1, February27, 2015
    Should Confederate soldiers from Florida be recognized as Veterans enshrined in the state’s hall of fame? Matt Galka first told us about the story earlier this month, and now tells us the NAACP is saying no. We first brought you the unique story of the Sons of the Confederate Veterans asking Florida’s Governor and Cabinet […]
    Matt Galka
  • Solar Wars 1, February26, 2015
    A dust up between solar advocates and a state Senator is erupting on the eve of the annual legislative session. The fight is a window into the often unintended consequences in state politics. At the center is legislation that would allow greater use of solar resources, but advocates worry utilities could end up being the […]
    Mike Vasilinda
  • Ray Sansom Gets Day in Court 1, February26, 2015
    Former House Speaker Ray Sansom of Destin spent the day in a Tallahassee courtroom. He and his lawyer are arguing they deserve more than 817 thousand dollars in legal fees stemming from criminal charges later dropped that alleged Samson misrepresented a six million dollar item in the state budget when he was appropriations chairman. The […]
    Mike Vasilinda
  • Housing Funds Getting Slashed Because of Amendment 1? 1, February26, 2015
    Affordable housing funds could be taking a hit this year, and as Matt Galka tells us, it could be because of environmental amendment 1. But both sides say that isn’t fair. Theo Anderson was down on his luck, inured, and living with two children in a run down home before state housing assistance helped him […]
    Matt Galka
  • Test Anxiety Take Two 1, February26, 2015
    Despite complaints from School Superintendents, teachers and parents, the state says new statewide testing that begins Monday will count toward school grades and teacher evaluations. This is not the first time testing changes have been an issue. The Florida Student Assessment test replaces the FCAT this year. Some testing begins as early as Monday. And […]
    Mike Vasilinda
  • Tax Dodging 1, February25, 2015
    Who’s really paying for Florida. As Matt Galka tells us, a new report about the state’s biggest companies says its not them, and they’re dodging taxes.   Florida’s Governor makes his agenda pretty clear. “The most important thing you can do to change lives is give someone a job,” said Rick Scott at January’s inauguration. […]
    Matt Galka
  • Testing Anxiety Hits Home 1, February24, 2015
    Florida’s testing scheme is getting a “D” or an “F” from a majority of parents, teachers and school employees. The results of the online survey sow the frustration of parents as Governor Rick Scott cancelled one test and is asking lawmakers to  consider eliminating others. Rick Scott’s executive order suspends the Florida Standards English Assessment […]
    Mike Vasilinda
  • A New Retirement Problem Down the Road? 1, February24, 2015
    New data suggests that Florida could have another crisis for retirees on its hands. As Matt Galka tells us, it goes beyond local pensions and into the world of healthcare. Pension problems have been ongoing in the state. Unfunded liability for local governments have put future benefit burdens on taxpayers.  The problem is so bad […]
    Matt Galka
  • Big Sugar Buy? 1, February23, 2015
    Everglades advocates opened up what could be a legislative session – long fight over funding.  As Matt Galka tells us, the push is on for the state to make a land buy…and time is running out. Environmentalists are making a full court press and will attempt to get the Governor and the legislature to buy […]
    Matt Galka
  • Pennsylvania Paper Declares War on Rick Scott Jobs “Poaching” 1, February20, 2015
    Governor Rick Scott will spend Monday and part of Tuesday in Pennsylvania, his first trip since being reelected to try and recruit businesses to move here, But as Mike Vasilinda tells us, he’s getting a cold reception in more ways than one. One of the major themes of Rick Scott’s second inaugural was his continuing […]
    Mike Vasilinda

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Citizens Grows to 1.3 Million Policies

January 12th, 2011 by Anna Laura Rehwinkel

Floridas state run Citizens Property Insurance is flooded with new customers adding an increased risk to all Floridians. The state run insurer now has 1.3 million customers, up 200-thousand customers from a year ago. As Whitney Ray tells us, lawmakers are looking for ways to convince more insurance companies to take Citizens policies.

State Farm is dropping customers they feel are too risky. When the company is finished 125-thousand Floridians will be forced to find new coverage. A spokesman for the company refused to talk about the policy purge on camera.

As private insurers drop the riskiest policies, a crisis is being created in Florida. Most of those homeowners are ending up in state run Citizens Property Insurance. There are now 1.3 million Citizens customers, up 200-thousand from a year ago. Sinkholes in central Florida are partially to blame. Fraud and artificially low rates are the other culprits.

House Insurance Committee Chairman Bryan Nelson says state lawmakers can fix two of those problems.

We really dont want premiums to go up, but we need to have enough money in reserves to pay the claims when the next storm hits, said Nelson.

Industry experts say the state could cut down on fraud by paying claims in phases.

Get Florida law the way it is in every other state. You get some money up front when you sign the contract to fix your house and when you fix your house you get the rest of it, said Sam Miller with Florida Insurance Council.

If things arent changed and a hurricane wipes out thousands of Citizens properties, all Floridians will be forced to pay claims through increased assessments on their home and auto insurance.

Insurance reform legislation was vetoed by Former Governor Charlie Crist the last two years in a row. Crist didnt like a prevision in the bill allowing insurers to raise rates up to 10 percent a year without state approval.

Posted in Insurance, Legislature, State News | 1 Comment »

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