FIRM MEETS WITH SENATOR ANITERE FLORES TO SEEK RELIEF FROM WINDSTORM RATES
Key West, Florida—{February 21, 2017} – Fair Insurance Rates in Monroe (FIRM) will meet with Senator Flores on February 27 to ask for her help in suspending Citizens Insurance rate increases for Monroe County for the next 5 years. The suspension will allow time to resolve a variety of problems in the rate setting process that result in rates that are uniquely prejudiced against Monroe County windstorm policy holders.
In seeking relief from excessive windstorm insurance rates Senator Flores, as President Pro Tempore of the Senate and Chairperson of the Banking and Insurance Committee, is favorably situated to represent FIRM’s position to the other members of the Senate. Additionally Sen. Flores’ relationship with longtime FIRM advocate, Rep. Holly Raschein, gives the citizens of Monroe a strong voice in Tallahassee.
“There is no justification for this year’s 8.9% increase for Monroe,” said FIRM President Mel Montagne. In the meeting FIRM plans to highlight key points such as a 220%+ cumulative windstorm rate increase since 2010, the highest premiums in the State despite having the strongest building standards, and the nearly $700 M paid in premiums over claims.
FIRM is a grassroots organization formed in 2006 to fight for fair property insurance rates for property owners and residents of Monroe County, Florida (Florida Keys). Through advocacy and community outreach, FIRM contributes to housing affordability and helps residents remain and prosper in our community.
Contact: Mel Montagne, President, Fair Insurance Rates in Monroe, Inc.
422 Fleming Street, Room 5
Key West, FL 33040
305-294-3476
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