[Caipirabob]

Consumers will save money despite the 1 percent assessment because...

Yeahhhh...that's the ticket! We'll tax them more so they can save money...

Uhhng!

How many people believe those savings will be passed onto the consumer. Will they print the article where Tom Gallagher says 2 years down the road "Well golly, we thought the insurance companies would surely pass on the savings to the consumer..."

Well, whatever. Never trust a government that intends to save you money by taxing you. That's all I gots to say about that...yep...

Posted for your interest and discussion, and so I could have my "little rant" which you are free to ignore. Have at it.

[DemforBush]

Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade. Yeah, it's a "temporary" tax. Surrrrre it is!

[Hong Kong Expat]

You're right, the homeowner won't save any money. But if this isn't done, you ain't going to buy any homeowner's insurance.

[AlaskaErik]

1.5 billion dollars wouldn't pay for a freakin' thunderstorm, let alone a hurricane.

[Fester Chugabrew]

If you want to live a short life, then investigate the abuses of this extra tax and thoroughly expose the people who are accountable for it. Who audits these people, and what's their cut for keeping mum? What newspaper is going to run a story detailing the corruption?

[Non-Sequitur]

We'll tax them more so they can save money...

Move out of a hurricane zone. Problem solved.

[mac_truck]

If it's such a bad deal, don't buy it.

[Calpernia]

Related:

http://www.freerepublic.com/focus/f-news/1641552/posts
Allstate dropping earthquake coverage in Washington (WA State - it's just the beginning....)


http://www.freerepublic.com/focus/news/1641477/posts
Home Insurance Cancelled...You Too?

[xzins]

I totally disagree with any property tax of any variety.

[Fruitbat]

Once again, the government having to be responsible for everyone's home and property.

Meanwhile, 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

Socialism at its finest. Why not just merge the government and insurance industries! /s

[goldstategop]

They won't make homeowners insurance affordable in Florida will they now? They certainly will collect more from homeowners but its not going to be enough to make people keep their insurance around.

(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")