Citizens Mission Review Task Force

Every now and then, I come across something in the media that is simply wrong and feel compelled to do something about it. I recently came across an editorial in the Bradenton Herald, linked below, which is simply fear mongering. Accordingly, I responded with my opinion for all to contemplate on this very important issue in Florida:


Continue Reading The Only Thing We Have to Fear Is…

 "be the change you wish to see in the world….."

Ghandi

My work on the Citizens Property Mission Review Task Force will be coming to an end soon. MSNBC, the Tampa Tribune, and the Sun-Sentinel have all run stories on Tuesday’s upcoming Task Force meeting. There are a multitude of issues coming up. I might as well report on some of my views.

The rates will have to go up. Next July, Citizens must file for actuarial sound rates and, at this time next year, the rates will go up. This is only fair. It is not right that the State of Florida and others provide a subsidy to Citizen policyholders where a valid market exists.


Continue Reading Taking Tough Positions On Citizens Property Insurance Task Force

The Governor, Charlie Crist, who appointed me to the Citizens Mission Review Task Force has gotten married to a beautiful woman. While I am certain he was planning their honeymoon this past week, I was pouring over insurance rate data, market share analysis, and a reinsurance presentation regarding Citizens Property Insurance Corporation. I bet his work was a whole lot more fun.


Continue Reading The Ongoing Work Of The Citizens Task Force

As a member of the Citizens Task Force, I am charged with trying to find suggestions for Citizens to become less competitive with private industry. At the end of the first meeting, one obvious, but possibly not appreciated answer, is to raise rates. Charging more money for the same product and service would be less

Alex Sink may have been very wise to have paid Warren Buffet so much money for an option to have ready access to money if a major hurricane hit Florida.  (She paid Berkshire Hathaway $224 million for the option of borrowing $4 billion this hurricane season).  A recent St. Petersburg Times article highlighted the problems