Thursday, September 20, 2007

Insurance Industry is BOOMING In Florida

Looking for a new business to start? Insurance may deserve your consideration. Big insurers reported $150 BILLION in profits over the last 3 years - even after paying off billions in hurricane claims! Insurance companies have also have the benefit of reduction in expenses due to state legislation that reduced the costs of re-insurance (the insurance insurance companies get). Governor Crist is not too happy about the fact that these large companies are making such record profits and yet have not reduced insurance rates commensurate with their profits! He all but accused them of collusion which is a serious federal offense and breaks anti-trust laws. If he can prove it - there will be a major shake down in the insurance industry! And who will benefit? Us! The everyday consumer! Lower rates, here we come!

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