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carmen
02-13-2007, 07:20 PM
Did anyone receive a refund from their insurance company today?
Beachmom
02-13-2007, 07:43 PM
What for??:idontno:
gotothebeachmom
02-13-2007, 07:47 PM
Did anyone receive a refund from their insurance company today?

I did. For my wind policy on our home in Seacrest Beach.
TooFarTampa
02-13-2007, 08:08 PM
Yes! I got it yesterday. From Florida Peninsula. :pissed: The gubment made em do it.
Franny
02-14-2007, 11:38 AM
Yep we got it too!!:lolabove:
kathydwells
02-14-2007, 11:46 AM
Care to share? :biggrin:
seacliffes
02-14-2007, 02:24 PM
Any refunds from Citizens windstorm???
gotothebeachmom
02-14-2007, 02:39 PM
Any refunds from Citizens windstorm???

I have Citizens too. No word from them about a refund. :idontno:
carmen
02-15-2007, 09:26 AM
Mine was from Florida Penninsula and I was suprised by how large it was --maybe 25% or more of the premium paid.
tistheseason
02-15-2007, 02:06 PM
We got one too. The way I understand it is that FP requested a really large increase for this year. When premiums were due they were able to bill for it -- even though it hadn't gotten approved. Apparently, it didn't all get approved and we're getting refunds. I think it's only Florida Peninsula that is having to send refunds. Citizens didn't request quite as much of an increase.
Joe
02-15-2007, 03:33 PM
I have Citizens too. No word from them about a refund. :idontno:

There was an article in the Tallahassee Democrat yesterday regarding refunds through Citizens:

http://www.tallahassee.com/apps/pbcs.dll/article?AID=2007702140323

"Following the order of the Legislature, Citizens has filed for a 10.7 percent rate cut for its multi-peril customers, and 19.4 percent for its coastal wind-only policyholders. The rollbacks offset hikes that went into effect Jan. 1.


As of Feb. 9, new business and renewals for wind-only coverage were charged the lower rate, and those who have already paid the higher rate will begin to receive refund checks this week.

New multi-peril customers will begin to see the lower rates starting Thursday, and refunds to those billed the higher premium will be mailed March 15, according to a timeline given to regulators.
A second round of cuts will begin in March after the Office of Insurance Regulation calculates savings required of insurers in exchange for expansion of the state's hurricane catastrophe fund. "