In some ways, 2006 has been the best of times and the worse of times. Regulators, lawmakers, and the industry have breathed a collective sigh of relief after this year's hurricane season passed by with no major storm, which allowed Citizens Property Insurance Corporation, the Florida Hurricane Catastrophe Fund, and the private market to regain its financial footing. Yet, even though the weather patterns have spared the state, the physical and financial wreckage of the eight major hurricanes that made landfall in 2004 and 2005 remain largely unresolved.
Among the normal bills accrued by a household, families are also being greeted by a new tax to help pay off Citizens Property Insurance Corporation deficits even as the government helped foot the bill. But even as the property market continues to be the number-one priority of lawmakers, lawmakers tackled a variety of issues that also impacted other markets. What follows are just a few quotes reflecting the issues of 2006.
Agent Issues
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