Reader, it's been 1,030 days since my children, my husband and I have been out of our home. There is a hurricane in the atmosphere that could kill us because we live in a little trailer behind the burnt shell of our former home. Even though I work two jobs, I still can't make ends meet after I pay my legal fees, which can be as high as $9,000 per month. Because the burnt shell of the house is still erected, I am not able to get a permit to run electricity or running water to my trailer. But, I rise. Imagine where my mind is right now as I watch that big category 4 monster barrel down on our hemisphere. I am afraid my trailer will be blown to pieces. Where will I go? I have no family. Friends are too embarrassed of what we have become. They have stopped calling. That's okay. I know one thing, the children of Heritage & Property Casualty executives don't have to fear for their lives.
This past June, Heritage, which is rated C by the reputable Weiss Ratings of Palm Beach Gardens (Palm beach Post) requested a hearing to ask the Florida Office of Insurance Regulation for almost a 15% rate increase on policies. According to the Palm Beach Post and insurancenewsnet.com, "Non-employee directors on the board are getting a pay raise as well in 2015, from $45,000 to $100,000, disclosures say." Don't forget that Heritage's CEO, Mr. Lucas make over 70 millions a year. I have an idea, Heritage, get some real character. Do the right thing. Pay your claims instead of stuffing your pockets. Not to be outdone, Citizens requested the same thing and look what the benevolent Office of Insurance Regulations has granted them:
|
Date
|
File
Log #
|
Account
|
Total #
of Policies |
Earned
Premium Amount |
Estimated
Rate Established* |
Order/Exhibits
|
|
9/30/2016
|
16-18917
|
Commercial Property Residential Multi-Peril (Condo Assn.) (CLA)
|
1,128
|
$46,169,060
|
4.5%
increase |
Order
Applies to all Commercial Property filings. |
|
|
16-18920
|
Commercial Property Residential Multi-Peril (Ex. Condo Assn.)
(CLA)
|
1,143
|
$26,584,687
|
5.4%
increase |
|
|
|
16-19213
|
Commercial Property Non-Residential Multi-Peril (CLA)
|
1,460
|
$10,592,279
|
0.0%
|
|
|
|
16-19498
|
Commercial Property Residential Wind Only (Ex. Condo Assn.) (CA)
|
2,767
|
$22,177,985
|
11.2%
increase |
|
|
|
16-19500
|
Commercial Property Residential Wind Only (Condo Assn.) (CA)
|
3,099
|
$63,424,724
|
11.9%
increase |
|
|
|
16-19522
|
Commercial Property Non-Residential Wind Only (CA)
|
13,103
|
$84,144,009
|
9.8%%
increase |
|
|
9/14/2016
|
16-16024
|
Homeowners Multi-Peril (PLA)
|
254,985
|
$482,131,192
|
6.4%
increase |
Order
Applies to all Personal Property filings. |
|
|
16-16025
|
Homeowners Wind Only (CA)
|
132,888
|
$271,605,868
|
8.2%
increase |
|
|
|
16-16575
|
Property/Personal (Dwelling Fire) (PLA)
|
153,078
|
$218,723,734
|
5.3%
increase |
|
|
|
16-16576
|
Property/Personal (Dwelling Fire) Wind Only (CA)
|
22,168
|
$47,619,564
|
9.3%
increase |
|
|
|
16-16785
|
Mobile Homeowners Multi-Peril (PLA)
|
23,362
|
$19,433,734
|
5.7%
increase |
|
|
|
16-16788
|
Mobile Homeowners Wind Only (CA)
|
5,045
|
$3,834,828
|
10.3%
increase |
|
|
|
16-16866
|
Mobile Homeowners (Dwelling Fire) Wind Only (CA)
|
497
|
$381,029
|
10.5%
increase |
|
|
|
16-16867
|
Mobile Homeowners (Dwelling Fire) (PLA)
|
39,770
|
$16,433,676
|
3.2%
increase |
|
RATE FILING DECISIONS:
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