Friday, June 02, 2006
A PAGAR EL UNO POR CIENTO DEL VALOR CONTRIBUTIVO DE LAS PROPIEDADES EN LA FLORIDA POR HURACANES
MARRERO REAL ESTATE BRKERAGE LLC
JOSE RAUL MARRERO
407-436-5140
UN GRANDIOSO DIA PARA TODOS
CON PLANES DE RECUPERAR EL FONDO DE EMERGENCIA POR HURACANES DE EL ESTAOD DE LA FLORIDA, LA LEGISLATURA APROBO EL FIJAR EL UN PORCIENTO DE TAX POR EL VALOR CONTRIBUTIVO DE LAS PROPIEDADES.
A CONTINUACION EL TEXTO DE LA NOTICIA
TALLAHASSEE, Fla. (AP) -- June 1, 2006 -- Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade to repay a bond sale of up to $1.5 billion that was approved Wednesday to replenish the state's Hurricane Insurance Catastrophe Fund.
The sale of tax-free bonds to cover losses from last year's storms was unanimously authorized by the fund's board of directors, which includes Gov. Jeb Bush, just a day before the start of the new hurricane season.
Consumers will save money despite the 1 percent assessment because insurance companies can expect to save about $2.5 billion by obtaining reinsurance from the fund instead of having to buy it on the open market, said Chief Financial Officer Tom Gallagher.
''That's passed on to the consumers of this state,'' said Gallagher, who serves on the five-member board with Bush, Attorney General Charlie Crist and two catastrophe fund staff members.
Gallagher estimated homeowners could save $400 to $500 per policy but perhaps what is more important it has helped maintain the availability of insurance coverage. He said Gulf Coast states struck by Hurricane Katrina last year are copying Florida because their insurers are bailing out.
''Without insurance you're not going to get financing,'' Bush said. ''Without financing you're going to see the economy at a standstill. Thank goodness we have the Cat fund.''
In a related development, Insurance Commissioner Kevin McCarty and state Sen. Steven Geller, D-Cooper City, announced they would present proposals for a national catastrophe fund to the National Conference of Insurance Legislators and National Association of Insurance Commissioners.
Geller chairs the legislative organization's Subcommittee on National Disaster Insurance Legislation and McCarty chairs the commissioner group's Property and Casualty Committee.
GRACIAS POR VISITAR MI WEB
JOSE RAUL MARRERO
WWW.JOSERAULMARRERO.COM
TODOS SOMOS GUERREROS DE LUZ...........
JOSE RAUL MARRERO
407-436-5140
UN GRANDIOSO DIA PARA TODOS
CON PLANES DE RECUPERAR EL FONDO DE EMERGENCIA POR HURACANES DE EL ESTAOD DE LA FLORIDA, LA LEGISLATURA APROBO EL FIJAR EL UN PORCIENTO DE TAX POR EL VALOR CONTRIBUTIVO DE LAS PROPIEDADES.
A CONTINUACION EL TEXTO DE LA NOTICIA
TALLAHASSEE, Fla. (AP) -- June 1, 2006 -- Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade to repay a bond sale of up to $1.5 billion that was approved Wednesday to replenish the state's Hurricane Insurance Catastrophe Fund.
The sale of tax-free bonds to cover losses from last year's storms was unanimously authorized by the fund's board of directors, which includes Gov. Jeb Bush, just a day before the start of the new hurricane season.
Consumers will save money despite the 1 percent assessment because insurance companies can expect to save about $2.5 billion by obtaining reinsurance from the fund instead of having to buy it on the open market, said Chief Financial Officer Tom Gallagher.
''That's passed on to the consumers of this state,'' said Gallagher, who serves on the five-member board with Bush, Attorney General Charlie Crist and two catastrophe fund staff members.
Gallagher estimated homeowners could save $400 to $500 per policy but perhaps what is more important it has helped maintain the availability of insurance coverage. He said Gulf Coast states struck by Hurricane Katrina last year are copying Florida because their insurers are bailing out.
''Without insurance you're not going to get financing,'' Bush said. ''Without financing you're going to see the economy at a standstill. Thank goodness we have the Cat fund.''
In a related development, Insurance Commissioner Kevin McCarty and state Sen. Steven Geller, D-Cooper City, announced they would present proposals for a national catastrophe fund to the National Conference of Insurance Legislators and National Association of Insurance Commissioners.
Geller chairs the legislative organization's Subcommittee on National Disaster Insurance Legislation and McCarty chairs the commissioner group's Property and Casualty Committee.
GRACIAS POR VISITAR MI WEB
JOSE RAUL MARRERO
WWW.JOSERAULMARRERO.COM
TODOS SOMOS GUERREROS DE LUZ...........
