This article reminded me of the quote from #topgun
“What you should have done was land your plane! You don't own that plane! The taxpayers do! Son, your ego is writing checks your body can't cash!"
Florida’s ego is writing checks @citizens_fla can’t cash.
“What you should have done was land your plane! You don't own that plane! The taxpayers do! Son, your ego is writing checks your body can't cash!"
Florida’s ego is writing checks @citizens_fla can’t cash.
https://twitter.com/ijournal/status/1567692963886628864
Loading up @citizens_fla with high dollar policies at subsidized rates puts the risk on the backs of hardworking Floridians. More government is NOT the solution to this problem, in many ways it makes it worse. Citizens is already dangerous overloaded with underpriced policies.
We’re in a dogfight with the trial bar. The only way to win is tort reform, ending one way attorney fees, ending AOBs, and allowing actual cash value/stated value policies on roofs. In addition, you must make at least new policies going into citizens actuarially sound.
Without these reforms to Florida’s property insurance laws we will continue to see companies fail or withdraw from the market. Citizens will ballon to 2M policies. And insurance rates rise will like an F14 shooting off a carrier deck.
Only the Florida legislature can fix this. #Florida cannot be both the most hurricane prone state and the most litigious. Those two things cannot coexist and rates go down.
We are dangerously close to this market going down in a "Great ball of fire!"
We need to #landtheplane
We are dangerously close to this market going down in a "Great ball of fire!"
We need to #landtheplane
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