Inevitably, after publishing a report on Citizens producer commissions, I get “amen’s” from one corner and “yeah, but’s…” from the other.
Here I’ll address the latter. [Read more…] about CITIZENS COMMISSIONS…Rebuttal of the “Yeah, but’s…”
Citizens–Cut Commissions; Ignore Decertification?!
For those who doubted either the studies, the facts or most important, the conclusions in my blog posted 1/30/12 titled, “Citizens Commissions…Three Realities!”; there’s no longer room for you to do so.
Actually, there never was–the conclusion was inescapable and supported by facts that were not in dispute.
And, those facts are now irrefutable as confirmed via separate analysis conducted by the Office of Insurance Regulation (OIR) at the request of Citizens. [Read more…] about Citizens–Cut Commissions; Ignore Decertification?!
Public Adjuster(s)…Raising of the Ire!
Legislatively speaking the last couple of years haven’t been good for Public Adjusters (PA’s). New laws specifically restrict their activities, advertising, contracts with clients, their fee’s, dealings with companies and much more.
Their revenue’s may have taken even bigger hits from indirect changes that encourage consumers to drop sinkhole coverage or that eliminated the moral hazard created by the prohibition against replacement cost “hold back”, and, again…much more. [Read more…] about Public Adjuster(s)…Raising of the Ire!
Citizens Decertification…At Least Take A Look!
Nothing I’ve written on Citizens has generated more reader commentary than the post on Decertification 2/23/12. Comments varied–some said it wasn’t politically feasible. Others expressed delight that such a concept was permitted by statute. [Read more…] about Citizens Decertification…At Least Take A Look!
Flood Rebating Prohibited…This is Seismic!
In what many agents and carriers will find monumental, though for widely diverging reasons, the federal government has just instructed Write Your Own (WYO) flood carriers to cease allowing agents to rebate any portion of their commission.
For those rebating and those competing with those who rebate…this is seismic! [Read more…] about Flood Rebating Prohibited…This is Seismic!
Peoples Trust…New Business the Old Way!
Peoples Trust, the direct response carrier that innovated its way into Florida’s homeowners market in 2008, is now selling some new policies the old fashioned way! [Read more…] about Peoples Trust…New Business the Old Way!
CITIZENS PA’s…Good for the Goose, Great for the Gander!
Did you know that SB-408, which passed during the 2011 session, provided assistance to Citizens policyholders, those with claims, by reducing the amount they would have to pay a public adjuster (PA)? It does this by limiting the fee to 10% of the difference between what Citizens originally offered and what the PA’s intervention might have actually helped the claimant receive. [Read more…] about CITIZENS PA’s…Good for the Goose, Great for the Gander!
CITIZENS DECERTIFICATION…Off the Table?
Lawmakers went home doing nothing (again) to derail Citizens exploding population! Their intent is clear–leave the problem with the Citizens board which they’ve already authorized to implement a long list of initiatives that “might”, to varying degrees, reduce Citizens policy count or at least give the impression of doing so. [Read more…] about CITIZENS DECERTIFICATION…Off the Table?
Citizens Depopulation…Too Little, Too Late!
In what may be the best example I can remember of “too little, too late”; the Tampa Tribune endorsed the so called Citizens E&S depopulation bill on March 11th, the Monday immediately following the Friday night that lawmakers left Tallahassee without passing it. [Read more…] about Citizens Depopulation…Too Little, Too Late!