f i r m fairinsuranceratesinmonroe.com f.i.r.m. fair insurance rates in monroe 1st upper keys...

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F.I.R.M.F.I.R.M.Fair Insurance Rates In MonroeFair Insurance Rates In Monroe

1st Upper Keys Informational 1st Upper Keys Informational &&

Action MeetingAction Meeting

Coral Shores High SchoolCoral Shores High SchoolWednesdayWednesday

March 22, 2006March 22, 2006

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Welcome to TavernierWelcome to Tavernier

This meeting is intended to unify our efforts for fair This meeting is intended to unify our efforts for fair insurance coverage for property owners in Monroe insurance coverage for property owners in Monroe County. It is our goal to have every city in Monroe County. It is our goal to have every city in Monroe County unite as Tavernier has this evening.County unite as Tavernier has this evening. We are focusing on solutions.We are focusing on solutions.Let’s comment in that spirit.Let’s comment in that spirit.Please make comments brief and succinct.Please make comments brief and succinct.This meeting will last ~1 hr.This meeting will last ~1 hr.

PLEASE SILENCE CELL PHONES & PAGERSPLEASE SILENCE CELL PHONES & PAGERSNO SMOKING ON GROUNDS.NO SMOKING ON GROUNDS.

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Tonight’s AgendaTonight’s Agenda

Introductions Introductions

Review FIRM mission statementReview FIRM mission statement

Strategic PlanStrategic Plan

Review actions/progress to dateReview actions/progress to date

Questions and AnswersQuestions and Answers

AdjournAdjourn

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Big Pine IntroductionsBig Pine Introductions

Thank you for the invitationThank you for the invitation

Thank you to Mary ThomasThank you to Mary Thomas

Cindy DeRocher & Teri JohnstonCindy DeRocher & Teri Johnston

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Media IntroductionsMedia Introductions

Hank Tester and Channel 6 CrewHank Tester and Channel 6 Crew

Monica Stanny from WGMX 94.3Monica Stanny from WGMX 94.3

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FIRM: Mission StatementFIRM: Mission Statement

We are concerned citizens We are concerned citizens and homeowners uniting to and homeowners uniting to stop unfair and unaffordable stop unfair and unaffordable property insurance property insurance premiums.premiums.

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Why are we concerned?Why are we concerned?

Windstorm Insurance Rates & PremiumsWindstorm Insurance Rates & Premiums

County Rate per $1,000/CoverageCounty Rate per $1,000/Coverage Premium on $500,000 Premium on $500,000

Escambia Escambia $5.18-$9.76$5.18-$9.76 $2,590-$4,880$2,590-$4,880SarasotaSarasota $6.39$6.39 $3,195$3,195CharlotteCharlotte $7.17$7.17 $3,585$3,585Palm BeachPalm Beach $10.18-$12.41$10.18-$12.41 $5,090-$6,205$5,090-$6,205CollierCollier $11.46$11.46 $5,730$5,730Miami-DadeMiami-Dade $11.37-$19.15$11.37-$19.15 $5,685-$9,575$5,685-$9,575

Monroe Monroe $20.91$20.91 $10,455$10,455Rates went into effect at midnight 2/28/06Rates went into effect at midnight 2/28/06

Chart from the Citizens Property Insurance Corporation Wind Only ManualChart from the Citizens Property Insurance Corporation Wind Only Manual

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Why are we Confused?Why are we Confused?

Monroe County is High Risk- #17 county Monroe County is High Risk- #17 county actual windstorm claims. More risk than actual windstorm claims. More risk than Punta Gorda paying $7.17/$1,000?Punta Gorda paying $7.17/$1,000?Monroe and Miami-Dade Counties build to Monroe and Miami-Dade Counties build to the most stringent building codes in the the most stringent building codes in the state of Florida. Our structures are built to state of Florida. Our structures are built to withstand winds of over 155 mph. Areas withstand winds of over 155 mph. Areas of Florida do not even require hurricane of Florida do not even require hurricane shutters.shutters.

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FIRM Strategic PlanFIRM Strategic Plan

Freeze Citizens Property rates at the 2005 Freeze Citizens Property rates at the 2005 level until rate setting policies can be level until rate setting policies can be thoroughly investigated.thoroughly investigated.Reduce current rates for more reasonable Reduce current rates for more reasonable and affordable premiums (and and affordable premiums (and deductibles).deductibles).

Streamline and improve efficiency of Streamline and improve efficiency of claims filing, processing, and settlementclaims filing, processing, and settlement

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FIRM ActionFIRM ActionHeld 7 public forums reaching over 2,000 Held 7 public forums reaching over 2,000 citizens since 2/20citizens since 2/20Website @www.fairinsuranceratesinmonroe.com Website @www.fairinsuranceratesinmonroe.com -3,560 1-3,560 1stst time hits as of this morning. time hits as of this morning.FIRM membership now 700-Please join usFIRM membership now 700-Please join usMedia responseMedia response– Newspapers: The Citizen, Solares Hill, Key Noter, Newspapers: The Citizen, Solares Hill, Key Noter,

Celebrate, Free Press, APCelebrate, Free Press, AP– Radio: 92.7, WKEY, 104.1 and the Morning Mix with Radio: 92.7, WKEY, 104.1 and the Morning Mix with

Monica.Monica.– TV: Channel 6, Fox,Comcast Channel 19TV: Channel 6, Fox,Comcast Channel 19

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FIRM Action to DateFIRM Action to Date

FIRM letter writing campaign directed to:FIRM letter writing campaign directed to:Governor Governor Jeb BushJeb BushState Senator State Senator Larcenia BullardLarcenia BullardState Representative State Representative Ken SorensenKen SorensenFlorida CFO Florida CFO Tom GallagherTom GallagherChair of the Senate Insurance Committee- Chair of the Senate Insurance Committee- Rudy GarciaRudy GarciaChair of the House Insurance Committee- Chair of the House Insurance Committee- Dennis RossDennis RossUS Senators US Senators Mel Martinez, Ileana Ros-LehtinenMel Martinez, Ileana Ros-Lehtinen and and Bill Bill NelsonNelsonState Insurance Consumer Advocate-State Insurance Consumer Advocate-SteveSteve BurgessBurgessState Insurance Commission-State Insurance Commission-Kevin McCartyKevin McCarty

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FIRM Progress to DateFIRM Progress to Date

Monroe county government has stepped Monroe county government has stepped forward in support of FIRM and its forward in support of FIRM and its efforts. efforts.

County Commissioner David Rice in County Commissioner David Rice in conjunction with FIRM authored the conjunction with FIRM authored the following resolution which was following resolution which was unanimously approved by the BOCC on unanimously approved by the BOCC on 3/15 :3/15 :

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Rice ResolutionRice Resolution

Bring Citizens Property Insurance rates Bring Citizens Property Insurance rates back to 2005 level while the rate setting back to 2005 level while the rate setting policies and procedures of Citizens are policies and procedures of Citizens are evaluated.evaluated.

Hire an independent Actuary to review Hire an independent Actuary to review Citizens rate request for Monroe County.Citizens rate request for Monroe County.

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Rice ResolutionRice Resolution

Hire a consultant to monitor all legislation Hire a consultant to monitor all legislation pertaining to windstorm insurance issuespertaining to windstorm insurance issuesUrge the legislation to utilize $1.5 billion in Urge the legislation to utilize $1.5 billion in sales tax surplus generated by hurricane sales tax surplus generated by hurricane repair related purchases to offset Citizens repair related purchases to offset Citizens deficit instead of raising deficit instead of raising ourour rates. rates.Propose legislative provisions to protect Propose legislative provisions to protect affordable rental housing (non-affordable rental housing (non-homesteaded) properties.homesteaded) properties.

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FIRM ProgressFIRM Progress

3/15 Public Forum in Key West3/15 Public Forum in Key West

Steve Burgess-State Insurance Consumer Steve Burgess-State Insurance Consumer AdvocateAdvocate

““Questionable provisions of Citizens Questionable provisions of Citizens statewide filing requesting an additional statewide filing requesting an additional 44% rate increase.”44% rate increase.”

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What’s QuestionableWhat’s Questionable

1.1. Cost of Doing Business ChargeCost of Doing Business Charge2.2. Charge to Accelerate a Citizens Reserve Charge to Accelerate a Citizens Reserve

Account.Account.

Impact to us- Removing these 2 charges Impact to us- Removing these 2 charges would reduce our current rates 4% below would reduce our current rates 4% below what we paid in 2005what we paid in 2005Burgess has filed his findings with the Burgess has filed his findings with the state.-Kevin McCartystate.-Kevin McCarty

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Help in WashingtonHelp in Washington

Law Firm of Hogan & Hartson L.L.P. in Law Firm of Hogan & Hartson L.L.P. in Washington, D.C. has agreed to provide Washington, D.C. has agreed to provide FIRM with our own lobbyist (pro bono) to FIRM with our own lobbyist (pro bono) to represent the interests of all Monroe represent the interests of all Monroe County citizens in our battle over County citizens in our battle over inequitable windstorm insurance rates.inequitable windstorm insurance rates.

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Help in WashingtonHelp in Washington

Our Congresswomen Ileana Ros-Lehtinen Our Congresswomen Ileana Ros-Lehtinen on March 20th authored letters to on March 20th authored letters to Governor Bush, Florida House of Governor Bush, Florida House of Representative Speaker Allan Bense, Representative Speaker Allan Bense, Chairman of the House of Representative Chairman of the House of Representative Financial Services committee Michael Financial Services committee Michael Oxley and President of the Florida Senate Oxley and President of the Florida Senate Tom Lee.Tom Lee.

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Local FIRM SupportLocal FIRM Support

Key West City Commissions led by Mayor Key West City Commissions led by Mayor Morgan McPherson drafting a resolution Morgan McPherson drafting a resolution similar to the counties to support the similar to the counties to support the efforts of FIRM.efforts of FIRM.

Robert Cintron, Jr. from the Key West law Robert Cintron, Jr. from the Key West law firm of Morgan & Hendrick is providing us firm of Morgan & Hendrick is providing us pro bono counsel on our windstorm pro bono counsel on our windstorm premium battle with Tallahassee.premium battle with Tallahassee.

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How Can You Be Involved?How Can You Be Involved?

Get Educated-Get Educated- Get your Citizens Property Get your Citizens Property Insurance Windstorm policy out and study Insurance Windstorm policy out and study it.it.

Get Angry-Get Angry- Chart the rate of premium Chart the rate of premium increases since 2003 and review the hikes increases since 2003 and review the hikes in your deductible levels.in your deductible levels.

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Tallahassee ProgressTallahassee Progress

On Thursday, March 30On Thursday, March 30thth State State Representative Ken Sorensen invited Representative Ken Sorensen invited FIRM to take part in his “windstorm FIRM to take part in his “windstorm insurance in the Florida Keys” workshop in insurance in the Florida Keys” workshop in the House of Representatives Office the House of Representatives Office Building in Tallahassee. Invitees are”Building in Tallahassee. Invitees are”

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Workshop AttendeesWorkshop Attendees

All Monroe County OfficialsAll Monroe County OfficialsInsurance Consumer Advocate Steve Insurance Consumer Advocate Steve BurgessBurgessChairman of the House Insurance Chairman of the House Insurance Committee-Dennis RossCommittee-Dennis RossStaff Director of the Insurance Committee-Staff Director of the Insurance Committee-Tom CooperTom CooperCitizens insurance actuary and Citizens insurance actuary and representatives from Citizensrepresentatives from Citizens

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Workshop AttendeesWorkshop Attendees

Linda Rae deGinder, President of the Linda Rae deGinder, President of the Johnson’s Insurance AgencyJohnson’s Insurance Agency

Representative Ken SorensenRepresentative Ken Sorensen

FIRM members Cindy DeRocher, Heather FIRM members Cindy DeRocher, Heather Carruthers and Thomas Mack.Carruthers and Thomas Mack.

Monroe County Actuary-Allan SchwartzMonroe County Actuary-Allan Schwartz

All members of the pressAll members of the press

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Get Angry??Get Angry??

Florida legislature convened on Tuesday, Florida legislature convened on Tuesday, March 7March 7thth to vote on a windstorm to vote on a windstorm insurance rate hike requested by Citizens insurance rate hike requested by Citizens Property Insurance Company of an Property Insurance Company of an additionaladditional

44%44%

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Get InvolvedGet Involved

Get Active:Get Active: Continue to write, call, talk Continue to write, call, talk about the issues!about the issues!Contact your local media resources to let Contact your local media resources to let them know this is a major community them know this is a major community issue. This must stay at the fore-front of issue. This must stay at the fore-front of everyone’s mind. IT IS NOT JUST A everyone’s mind. IT IS NOT JUST A HOME-OWNER’S ISSUE. HOME-OWNER’S ISSUE.

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What can you doWhat can you do

Make sure that you are receiving all of the Make sure that you are receiving all of the mitigation credits that you deserve. mitigation credits that you deserve. Windows, strapping, roof & hurricane Windows, strapping, roof & hurricane shutters.shutters.Review your Citizens policy with your Review your Citizens policy with your agent. agent. Tell 10 friends and organize an Big Pine Tell 10 friends and organize an Big Pine Action group to keep this issue in front of Action group to keep this issue in front of Tallahassee.Tallahassee.

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Thank You Big Pine!!!!Thank You Big Pine!!!!

THANK YOU for your interest. Without you, this THANK YOU for your interest. Without you, this effort will not be successful. We are grateful for effort will not be successful. We are grateful for your dedication to the future of Monroe County.your dedication to the future of Monroe County.

Get your handouts, buy a t-shirt and make a Get your handouts, buy a t-shirt and make a contribution.contribution.

Again, if we do not have your contact Again, if we do not have your contact information, please see a FIRM representativeinformation, please see a FIRM representativeat the rear of the auditorium or contact us @ at the rear of the auditorium or contact us @ www.fairinsuranceratesinmonroe.comwww.fairinsuranceratesinmonroe.com

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Unite to Unite to

Make it Right.Make it Right.

Drive CarefullyDrive Carefully

f i r m fairinsuranceratesinmonroe.com f.i.r.m. fair insurance rates in monroe 1st upper keys...

Documents

manual slide

settlement slide

fair insurance rates

firm action

firm progress

fair insurance coverage

support of firm

firm membership