Planning, Communications, Advocacy
- Opinions by Scott Johnson Leave a Comment
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…] about “A” or “F”…Where Would You Put Your Money?
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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…] about CITIZENS… Taxation Without Representation & FOUITFWCR!
- Opinions by Scott Johnson 1 Comment
No telling what idea’s might bob to the surface during this Friday’s depopulation summit in Tampa. (See NOTE #1 below for details).
Sponsored by Citizens Depopulation Committee and open to all comers, it’s a wide open idea exchange likely to produce some real “doozies”, which is fine, but…it’s also likely to feature a disproportionate emphasis on takeout ideas both new and old, and..that’s not so fine! [Read more…] about Citizens Depopulation & “Churning”!
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The statutes are replete with opportunities for the Citizens board to reduce policy count and exposure.
One presumes this to be intentional since lawmakers would not even take up recent Citizens bills. Essentially, along with existing statutes that allow them to be made, the legislature “punted” unpopular decisions to the Citizens board of governors–some privately admit as much. [Read more…] about Citizens Rates–One Good Punt Deserves Another!
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The ink was still wet when I began hearing from agents, and others, on my post about changes at Peoples Trust. It seems that, according to the OIR’s most recent report, the Complaint Ratio for Peoples (5.44) is worse than any other carrier, including Citizens (1.0234). [Read more…] about Peoples Trust Complaint Ratio
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Please…those in the industry who are engaged in all issues dealing with public adjusters, forgive my lumping you in with those who appear not to be.
Such lumping is unavoidable and unintentional!
But…it is important that insurers and insurer groups give greater attention to the heightened campaign by PA’s to represent literally everyone who files a claim–regardless of need. [Read more…] about NEW PA RULES…Where’s The Industry?!
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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…”
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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?!
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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!
- Opinions by Scott Johnson 2 Comments
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!