Archives for June 2012

ObamaCare–A LEGAL TAX!

As you likely know, a majority of the states, including Florida, and numerous organizations and individual persons, had filed actions in federal court challenging the constitutionality of some or all of the elements of Obama’s Patient Protection and Affordable Care Act (PPACA). This morning the U.S Supreme Court made clear that the individual mandate in the law and thus the law itself, is a  constitutional TAX. (See NOTE #1 Below) [Read more…]

A Statewide Wind Pool…the game of Whack-a-mole!

Like a game of Whack-a-mole, every time the ugly head of a statewide wind pool rears, it gets “whacked” back in its hole.

Rejection comes in several forms, usually that the state of Florida (and thus Floridians) should not be on the hook for “all” wind exposure. None the less…

…as policymakers and others attempt to address persistent problems with Citizens and the even more persistent political challenges to fixing those problems,  the concept of a statewide wind pool has proven buoyant enough to surface again and again!

I swear I had nothing to do with the recent move and offer what’s here for educational purposes only. [Read more…]

“A” or “F”…Where Would You Put Your Money?

One hears a lot of talk about bringing “needed capital” to the sunshine state. Such talk usually includes broad agreement on why some carriers left in the first place and even what’s needed to bring some of them back.

There’s also agreement that Florida cannot internalize its huge coastal exposure while at the same time quenching the political thirst to keep premiums in check. [Read more…]

CITIZENS… Taxation Without Representation & FOUITFWCR!

After the recent Citizens Depopulation Summit an industry lobbyist asked me,  “Where’s the other side?  Why aren’t we hearing from the majority of Florida’s 15 million residents paying higher taxes so that a mere 1.5 million can pay less than they should for insurance?”

A serious question that deserves a serious response, which I will now give! [Read more…]