Resolution 2006-230
RESOLUTION 2006. 230
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, URGING THE FLORIDA
LEGIS LA TURE 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 the 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 may be 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 that the Board of County Commissioners of Collier
County, Florida, hereby strongly encourages the Florida Legislature to call a special session to
study and enact legislation addressing the insurance crisis in Florida.
This Resolution adopted after motion, second, and majority vote, this Ith day of
September, 2006.
ArrEST:
DWIGHT ~..BROCK, CLERK
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
~. By:
..~.. j'Jf/.~~.LO.(.
DEPUTY~R~
Attestuto o.&t,... .
s1qnlt~. 0111.
By:
~~
ANK HALAS, C .-
Approved as to form and legal sufficiency:
/ 'IA. /1 j
I ''1..,,/1
Ii,,' ,
David C. Weigel, County Attorney
04-col-OI173/16.rev I