Talk of The Villages Florida - View Single Post - Security First Insurance - no more sinkhole coverage
Thread: Security First Insurance - no more sinkhole coverage
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Old 08-21-2013, 07:46 AM
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Quote:
Originally Posted by GatorFan View Post
It was announced yesterday that Citizens has requested premium increases. From 2008-2012 Citizens collected in sinkhole premiums 190 million dollars and paid out 1.2 billion dollars in claims.
If Citizens has not obfuscated those numbers, all that represents is bad management. I wonder how much of that $1.2 billion was underwritten by reinsurance?
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Real Name: Steven Massy Arrived at TV through Greenwood, IN; Moss Beach, CA; La Grange, KY; Crystal River, FL; The Villages, FL