Where your insurance premiums actually go
It's been some time since I posted on this Blog, and I apologize for that. We've been just a little busy with some of our ongoing bad faith suits and class actions. I'll certainly try to do better.
There was something in the media today that I think is very important reading.
To put things in context: While the Florida property /homeowners insurers make it extremely difficult for any homeowner who has the temerity to make a claim, and while they are asking the legislature to remove any restraints on their rates, this is what they actually do with the premiums paid by Florida homeowners: http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20100315/ARTICLE/3141081/2107/BUSINESS&Title=How-insurers-make-millions-on-the-side&tc=ar&template=printpicart
