I've heard of people's insurance going from $1,500 to $4,000 for places that aren't worth more than $20,000," Lakeland resident Linda Snavely told the insurance committee Thursday morning. "I'm afraid people are going to stop purchasing in Florida and we're going to end up with a blighted area. What a horrible thing for Florida.
During this same time frame, our increased rates will be taking hold causing revenues and profitability to accelerate. On top of all this, our highly profitable general liability book of business is continuing to expand geographically across the country, as we are now producing business in 6 states - Florida, Georgia, Texas, Louisiana, Kentucky, and South Carolina with an additional 5 states set to open up within the next 12 months, which are California, Alabama, Arkansas, Missouri and Virginia.
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