Planning, Communications, Advocacy
- Opinions by Scott Johnson Leave a Comment
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
- Opinions by Scott Johnson Leave a Comment
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…”
- Opinions by Scott Johnson Leave a Comment
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!
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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!
- Opinions by Scott Johnson Leave a Comment
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!
- Opinions by Scott Johnson Leave a Comment
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!