HomeMy Public PortalAbout1999-37 Urging strong objection to the request of the Florida Windstorm Underwriting Association's rate increases requestRESOLUTION NO. 99-37
A RESOLUTION OF THE VILLAGE COUNCIL OF
THE VILLAGE OF KEY BISCAYNE, FLORIDA;
URGING THE FLORIDA LEGISLATURE, THE
INSURANCE COMMISSIONER, THE FLORIDA
CABINET AND THE GOVERNOR TO STRONGLY
OBJECT TO THE REQUEST OF THE FLORIDA
WINDSTORM UNDERWRITING ASSOCIATION
TO RAISE RATES AS MUCH AS 253 PERCENT;
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Florida Windstorm Underwriting Association has proposed a new rate
structure that would raise rates January 1, 2000 as much as 253 percent per year for a $100,000 house
along the Miami -Dade County coast; and
WHEREAS, the Village Council of the Village of Key Biscayne recognizes the impact that
this increase would have on our community and urges the Florida Legislature to object to this
proposal.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the Village Council strongly urges the Florida Legislature, the Insurance
Commissioner, the Florida Cabinet and the Governor to object to this intolerable rate increase as
proposed by the Florida Windstorm Underwriting Association.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 11th day of May , 1999
HITA H. ALVAREZ, CMC, VILLA
APPROVED AS TO ORM AND LEGAL S
LORI
OE I. RASCO
RICHARD J. WEISS, VILLAGE ATTORNEY