insurance crisis: Another quiet hurricane season ends in Florida - Insurance rates to go UP!
- 12/02/08 01:17 AM
Back in 2004, Florida was hit by three hurricanes in six weeks. It was a freak of nature! Central Florida had not had a direct hit for 40 years before that. In 2005 there was one major storm - again, nothing in Central Florida. In 2006 and 2007 there was nothing at all. Each time, rates went up. Now the 2008 season has come to an end and Florida was hit by Tropical Storm Fay which certainly caused some flooding, but overall another quiet season - the third one in a row. And so the insurance companies are once again telling … (8 comments)
insurance crisis: Florida's Insurance crisis
- 08/01/07 04:57 PM
It would seem that Florida's Governor, Charlie Crist, is finally waking up to the realisation that the insurance reform did not work. In fact just this week we got this: "I'm fed up with them," he said talking about the insurance companies. "I'm very frustrated with this industry." The problem however can be traced back to the Legislature compromising and compromising and basically passing an incredibly weak Bill. There were some good proposals on the original table, but much like Property Tax, they fell by the wayside. Frankly all that is left now is to go back to the Legislature and enact something … (0 comments)
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Back in 2004, Florida was hit by three hurricanes in six weeks. It was a freak of nature! Central Florida had not had a direct hit for 40 years before that. 
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