HomeMy WebLinkAbout2006-156RESOLUTION NO. 2006-156
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA, URGING THE FLORIDA
LEGISLATURE TO CALL A SPECIAL SESSION TO STUDY AND ENACT
LEGISLATION ADDRESSING THE INSURANCE CRISIS IN FLORIDA.
WHEREAS, as homeowners' insurance policy costs have continued to rise at
outrageous rates; and
WHEREAS, insurance agents who write Citizens Property Insurance Corporation
(Citizens) policies reportedly receive higher commissions; and
WHEREAS, the commission percentage paid on various policies should be adjusted to
reflect a reasonable cost of insurance; and
WHEREAS, residential real estate closings are reportedly being cancelled every day
due to the high cost of insurance, leading to a loss of associated revenue generated by
documentary stamps; and
WHEREAS, the higher commissions would appear to reduce the incentive for an agent
to push for private industry to write homeowners' policies; and
WHEREAS, Citizens' goal of reducing the numbers of policies it writes is seemingly
failing spectacularly; and
WHEREAS, the quality of life of our families and seniors is declining due to costs
associated with higher energy costs; and
WHEREAS, our seniors and families are more subject to foreclosure and may have to
go without insurance and are being driven out of Florida because of the insurance crisis; and
WHEREAS, many families are also dealing with the high costs associated with the
increase in variable interest rate mortgages; and
WHEREAS, the Florida Legislature needs to be proactive by passing the "sinkhole bill"
(concerning insurance coverage and insurance rates) to address the issues we are now facing,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
INDIAN RIVER COUNTY that the Board hereby strongly encourages the Florida Legislature to
call a special session to study and enact legislation addressing the issues we are now facing.
The resolution was moved for adoption by Commissioner Wheeler, and the motion was
seconded by Commissioner Lowther, and, upon being put to a vote, the vote was as follows:
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RESOLUTION NO. 2006-156
Chairman Arthur R. Neuberger Aye
Vice Chairman Gary C. Wheeler Aye
Commissioner Wesley S. Davis Aye
Commissioner Thomas S. Lowther Aye
Commissioner Sandra L. Bowden Aye
The Chairman thereupon declared the resolution duly passed and adopted this 3rd day
of October, 2006.
INDIAN RIVER COUNTY_
Attest: J. K. Barton, Clerk BOARDDF COUNTY COMM
By {\�cx.._
Deputy Clerk
Approved as to form and legal sufficiency:
By
William G. Collins II, County Attorney
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