Posted on 06/01/2006 2:25:06 AM PDT by Caipirabob
TALLAHASSEE -- Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade to repay a bond sale of up to $1.5 billion that was approved Wednesday to replenish the state's Hurricane Insurance Catastrophe Fund.
The sale of tax-free bonds to cover losses from last year's storms was unanimously authorized by the fund's board of directors, which includes Gov. Jeb Bush, just a day before the start of the new hurricane season.
Consumers will save money despite the 1 percent assessment because insurance companies can expect to save about $2.5 billion by obtaining reinsurance from the fund instead of having to buy it on the open market, said Chief Financial Officer Tom Gallagher.
(Excerpt) Read more at sun-sentinel.com ...
No assumptions friend. What I state is not opinion, but fact. I note that you don't dispute anything I have said.
You can self-insure your home and car. You can accept and manage your own risks. There is no requirement for you to give money to insurance companies.
If insurors are the scum you describe, why do you do business with them?
A partial truth is also a partial lie.
If insurors are the scum you describe, why do you do business with them?
"I note that you do not dispute anything I have said. "
Thats a lie.
Now stop pinging me.
Have a safe & happy day.
(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")
(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")
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