When the New York Times runs a story (June 28, 2006) under the headline “Rising Insurance Rates Push Florida Homeowners to Brink” you know that it must be true, since everybody understands that you can always trust anything published in the New York Times.

Far be it for an attorney to come to the aid of an insurance company, but insurance companies are in the business of assuming risks and hazards must be evaluated from time to time.

Surely the departure of the Pinto is sample enough and everyone has listened to the story that insurance companies are like the banker who will loan you an umbrella when the sun is shining but demands it back when it commences to rain.

The article in the New York Times under the byline of Lynn Waddell goes on to say that “Florida is losing its luster for many residents…who are scouring for homeowner’s insurance after two ferocious hurricane seasons and struggling to pay for what they find. Abandoned by insurers with cold feet and empty pockets, homeowners are increasingly turning to the Citizens Property Insurance Corporation, the state-created insurer of last resort, which by law must charge more than private insurers to be noncompetitive. Citizens has picked up 150,000 homeowner policies in Florida since June 2005 [according to] a spokesman, and expects to add another 320,000 by the end of the summer.

One must wonder when the New York Times will headline a story “Rising Insurance Rates Push California Homeowner to Brink”?  California is known for earthquakes, right?

The New York Times not withstanding; Florida and California will likely continue to grow and answers to insurance costs will be identified.

About The Author:
Attorney Edward A. ("Ted") Bills can be reached at 719.444.1000 or at http://www.SpringsAttorney.com.

Attorney Ted Bills has one mission – to fight for the rights of personal injury victims and those who have been devastated by the misconduct of others – he represents clients with an aggressive approach designed to provide SWIFT justice.

Attorney Bills is a member of the American Bar Association, the Colorado Bar Association, the Colorado Trial Lawyers Association, and the El Paso County (Colorado Springs) Bar Association. He works in tandem with his clients to provide assertive, business-savvy, legal services that solve problems, reduce delays, and minimize costs.

Nothing on this site constitutes an attorney-client relationship nor does it constitute legal advice.