More Citizens backlash

[mwagner (Michael C. Wagner)]

very good article…

http://www.palmbeachpost.com/news/weather/backlash-grows-against-citizens-inspections/nQBSN/

[mshishilla1 (Michelle Shishilla)]

Thanks for posting Michael!

Good Read.

[thession (Thomas Hession, NACHI10011411)]

Vote the bums out…return citizens insurance to the consumers. Vote for the candidates that want to protect consumers and protect whats left of floridas economy.

[hcarvajal (Humberto Carvajal, HI884)]

Here are the highlights of the article for those who haven’t read it…

Reinspections hit customers in the wallet
—More than 225,000 Citizens customers have been visited by company-paid inspectors
—74 percent lost credits for hurricane-resistant features as of June 30
—Average premium increase: Nearly $600, or 23.5 percent
—Total premium increase: $135 million
—Company’s net after paying inspectors: More than $100 million

And that is as the the late Paul Harvey would say… “the rest of the story”…

Bert

[evandeven (Eric Van De Ven, CMI)]

@hcarvajal

Here are the highlights of the article for those who haven’t read it…

Reinspections hit customers in the wallet
—More than 225,000 Citizens customers have been visited by company-paid inspectors
—74 percent lost credits for hurricane-resistant features as of June 30
—Average premium increase: Nearly $600, or 23.5 percent
—Total premium increase: $135 million
—Company’s net after paying inspectors: More than $100 million

And that is as the the late Paul Harvey would say… “the rest of the story”…

Bert

35 million to inspectors! WOW!!

[hcarvajal (Humberto Carvajal, HI884)]

Actually, it doesn’t really say the inspectors took 35 million. It says they (Citizens) netted “more than” 100 million. They may have netted 125 million… :twisted:

Bert

[cplaia (Charlie Plaia)]

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[jjonas (Jeffrey Jonas)]

@hcarvajal

Actually, it doesn’t really say the inspectors took 35 million. It says they (Citizens) netted “more than” 100 million. They may have netted 125 million… :twisted:

Bert

The math is simple. If you disregard the ‘more thans’, 35 million for 225,000 customers equates to $155.55 each inspection. You know damned well thay don’t pay half, and prolly not even a third that!!! :shock:

[phalstead (Preston Halstead, HI549)]

I like how Inspection Depot made the News again…

[evandeven (Eric Van De Ven, CMI)]

@phalstead

I like how Inspection Depot made the News again…

Sounds like the “unnamed inspector” sound familiar… :mrgreen:

[phalstead (Preston Halstead, HI549)]

@evandeven

Sounds like the “unnamed inspector” sound familiar… :mrgreen:

I am proud to state my name.

[khunt (Kevin Hunt)]

He described one Palm Beach County home as “overbuilt” with approved protection on every window and door except for three small unbreakable plastic windows on a garage door. The garage door itself was approved for hurricane winds, but the company wanted him to report not all openings have verified protection, he said. That left the customer to pay for insurance as if no windows or doors had any protection, he said.

This isn’t Citizens fault or the inspectors fault, this is the way the form is written. Door must be impact rated, not wind only.

[evandeven (Eric Van De Ven, CMI)]

@phalstead

I am proud to state my name.

You mean you weren’t the only one who didn’t get paid? :shock:

Those awaiting their turn fear the consequences. At Crossings of Boynton Beach, which has 280 condo units, as many as 7o units have recently been in foreclosure. Residents wonder how many people will be pushed over the edge if insurance bills — some passed along through association fees — now take a big jump.
“I will tell you right now this will force more people into foreclosure,” said Kathleen Carroll, president of the condo association.

As I said previously, forced-placed insurance followed by foreclosure.

And the reason that foreclosures have to happen is so that the title problems can get straightened out. It is all one big circle.