Serious allegations of abuse over storm-related expenditures -- such as those under investigation at Hallandale Beach's Parker Plaza condominium -- send a clear signal that we must aggressively pursue a solution to this insurance crisis, even as we prosecute those who try to profit from insurance-related graft and corruption.
Spiraling storm-related insurance premiums put a strain on our communities and compromise the ability of elected volunteer community association leaders to manage them effectively. Such premiums prevent allocation of sums prudent boards should channel to protective measures to reduce the risk of future hurricane damage and tempt international insurers back to Florida.
Skyrocketing insurance premiums, on top of financing, collection and management of huge sums to cover insured and uninsured storm related damages, threaten unnecessarily to fan the flames of contention and spur conflict in even well-governed communities across the state.
This has got to stop and our elected officials must act now if Florida is going to continue to remain attractive for individuals and families seeking secure and affordable lifestyles in our beautiful state
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Insurance Premiums
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