The carriers who have the other perils coverage on thousands of homes would be forced to decide whether to cover it all or none of it. We don't have the ability to take on any additional wind exposure. So Citizens would just get larger.
More Quotes from Sam Miller:
This is the price of living in Florida during this awful and incredible cycle we're in. We've had eight hurricanes in two years.Sam Miller
Overall auto insurance rates, for the complete coverage you probably have, have leveled off or actually gone down the last few years. Rates continue to increase for PIP, the insurance covering injuries to a driver and passengers in his or her car, required for all motorists by state law.
Sam Miller
Throughout all eight hurricanes that hit Florida since August 2004, we have found clear cases where newer and better built homes fares better than older homes.
Sam Miller
When we get some more off-campus competition, that's something students will probably be interested in.
Sam Miller
The industry does not have consensus at all. ... Everybody agrees that the current system is all messed up, that we are charging so much more for PIP than we should charge. It's money that, from our point of view, is being wasted.
Sam Miller
These are some of the toughest decisions these legislators ever had to make because it involves rates going up.
Sam Miller
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