Reducing Reliance on Citizens Property
A task force has been meeting over the last few months charged by state lawmakers with finding ways to return Citizens Property Insurance Corp. to the state's "insurer of last resort." Citizens is the largest property insurance company in Florida with more than a million policies, but the Legislature created the task force to figure out how to return some of those policies to the private market. The task force will make its recommendations by January 31 and met this week in Tampa to start to finalize its report. Two of the more controversial suggestions would hike insurance rates until they are "actuarially sound" — in other words, until the premiums charged could sustain potential payouts — and would force Citizens policyholders to accept offers from other insurance companies to take over their policies. But consumers, lawmakers and others are concerned about having no choice who their property insurance company could be. And they're worried some of the companies taking over the policies are too small or too new to cover the risk. This week, join us as we break down some proposed new changes to the state's property insurance landscape and learn more about these so-called "take-out" companies.
Adrienne Garcia and Cassandra Gonzmart
Sometimes the bonds of friendship become like family relationships. A lasting friendship grew out of family connections for Cassandra Gonzmart and Adrienne Garcia. Eventually, the two recognized that Cassandra became like the daughter Adrienne never had. The women talked about their shared experiences and the strengthening of their friendship through loss when they recorded this conversation for StoryCorps during their stop in Sarasota in early 2006.