The Florida Association of Insurance Agents has worked for several years to enact meaningful reforms to assist all carriers in writing more property coverage in Florida. The recent special session proposals, while not driven by the industry, provided another opportunity where we, along with you our company partners, tried to influence changes balanced with a longer-term view.

We understand the concerns some carriers may have regarding what passed, particularly the new Cat Fund options, the expanding role of Citizens and increased regulations for insurance companies generally. We also understand that the approval of legitimate regulatory filings has been a problem for some and that some of the special session changes signal a worsening in the near term; though we hope not.

Despite these and other problems, there are a lot of reasons why a carrier should consider refraining from precipitous withdrawal activities. The Florida Association of Insurance Agents would ask that while you act in the best interests of your shareholders and policy holders, you also consider remaining in America's fourth largest marketplace at least until the impact of the reforms is fully known. Here are some reasons specifically relating to CS/HB IA for you to do this: