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  • Medical Marijuana Licenses Bring Concerns and Joy 1, November24, 2015
    5 growers across Florida are gearing up for the first legal marijuana in the states history. The five licenses were awarded yesterday, and as Mike Vasilinda tells us, it will still be the middle of next year before patients see the first products. Lifelong nurseryman George Hackney was awarded one of five licenses to grow […]
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  • Rick Scott Proposes 79.3 Billion State Budget with Potentially Higher Property Taxes 1, November23, 2015
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  • Fantasy Sports Rules 1, November20, 2015
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  • FSU One Year Later: A Quiet Anniversary 1, November20, 2015
    Today marks the one year anniversary of a shooting on the campus of Florida State University. Three students were injured. One critically. As Mike Vasilinda tells us, the university wasn’t taking any chances today. Two marked police vehicles were prominent outside Strozier Library. When asked, University officials said it was to give students peace of […]
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  • FSU One Year Later: Paralyzed Victim Still Recovering 1, November20, 2015
    Just after midnight tonight (Thur)marks the one year anniversary of an on campus shooting. 22 year old FSU engineering student Ronny Ahmed was paralyzed from the waist down last November. As Mike Vasilinda tells us the  now wheelchair bound student hasn’t let his injuries keep him from moving forward. Ronny Ahmed was pulling an all […]
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  • Guns on Campus Bill Clears Final House Committee 1, November19, 2015
    Friday marks one year since a gunman opened fire at Florida State’s library, and lawmakers are using the chaotic scene as a jumping off point for controversial legislation. As Matt Galka tells us, the bill to allow concealed carry on college campuses continued to move through one legislative chamber. There’s no lack of passion on […]
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  • FSU One Year Later: Victims Still Trying to Heal 1, November18, 2015
    Friday marks the one year anniversary of the shooting at the FSU Strozier library that injured three. Today, Mike Vasilinda has the story of how two people who could have died next to each other that day last year are handling the fact they survived. Nathan Scott can still be found sitting behind the same […]
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  • Healthcare for Immigrant Children 1, November18, 2015
    Almost four hundred thousand children don’t have access to quality health coverage here in the state, an alarming number. As Matt Galka tells us, lawmakers are trying to cut into that number with a bill that would focus on children of legal immigrants who desperately need health care. Kids whose parents are legal immigrants are […]
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  • GOP Lawmakers Seek Immigration Changes, Penalties 1, November17, 2015
    Five GOP lawmakers are behind a series of three bills to change immigration policy. One would make it a crime for someone who has been ordered deported to be in the state, another would remove lawsuit protections, known as sovereign immunity, for so called sanctuary cities that protect those here illegally, and a third would […]
    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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