They Say, Hearsay
I read that the property insurance bill Gov. Rick Scott signed has something in it that will make my homeowners' premium go up by 15 percent a year because of rising reinsurance costs. What the heck is this reinsurance, and why am I paying for it?
We Say
Remaining fully informed about legislative changes to property insurance—and their impact—is a little like trying to follow the storyline in one of those too-cleverly written spy thrillers that keep you on edge. Keeping up with the twists and turns of annual legislative manipulation of property insurance law is hard enough for those of us in the business.
Our policyholders are even more confused, and not only feel on the edge of a cliff, but maybe over it. Help them back away by bringing context to inquiries over how the change in SB 408 related to reinsurance works.
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