BBPDMediaRelations asked:

Watch as Boynton Beach Police Department Sgt. Thomas McCabe saves a suicidal man from the edge of I-95. The man, who had been on a 3-day ***** binge, stood on the wall for five hours as police tried negotiating with him to come down. Check out Sgt. McCabe’s amazing rescue - which was captured live by WPTV’s Captain Julie!

Debra

Michael Letcher asked:


This week the financial crisis brought more shocking news. General Motors, Ford, and Chrysler executives landed in Washigton on with their corporate jets seeking a share of the $700 billion Troubled Asset Relief Program.

In a shameless display of arrogance and entitlement, leaders of what used to be “best in class” companies begged for billions of dollars with their tin cups outstretched in front of the US Congress. Before the Big Three ever arrived in Washington, billions had already been committed to AIG and some of the largest financial institutions in the country.

During this financial meltdown we’re seeing something we never expected to see in our lives - broken promises from major corporations and government institutions on an unprecedented scale. The day has arrived when large companies and large states like Florida can’t raise the cash they need to meet their promises.

If you are a Florida home insurance consumer the financial crisis has put your biggest asset at risk - your Florida home.

Can you name a more sacred promise than the one a home insurance company makes to you when it takes your money and agrees to insure your home?

When you buy homeowners insurance in Florida the insurance company is promising you fast and fair payment of your claim. Florida insurance companies buy reinsurance to help them make good on this promise to you. Reinsurance is backup coverage that insurance companies buy to help protect themselves from big losses above certain levels.

The Florida Hurricane Catastrophe Fund was formed as a way to help stabilize the Florida home insurance market after Hurricane Andrew caused billions in damage to Florida in 1992. By offering reinsurance at affordable rates, the fund helped to make homeowners insurance available and affordable for many years.

That all changed after the Florida hurricanes of 2004 and 2005 when Florida home insurance became overpriced and hard to find again.

The Florida legislature responded to the Florida home insurance crisis by voting in 2007 to expand the reinsurance sold by the Cat Fund by $12 billion - raising its total risk to a total of $28 billion. Florida home insurance companies were required to purchase this additional reinsurance from the state and to pass along the savings realized on reinsurance to home owners.

As a Florida homeowner, you didn’t get the rate reductions that this law was supposed to provide. Your rate cuts never came close to the 24% predicted when the legislation passed. And to make things worse, the Florida Cat Fund took on an additional $12 billion in risk.

Now the Florida Catastrophe Fund has told us that the frozen bond markets won’t be an acceptable source to raise the cash it needs to meet its commitments to the insurance companies after a major Florida hurricane. It recently estimated that it could pay out $13 billion over the next twelve months - That’s $15 billion less than the $28 billion it is on the hook to pay!

What does all of this mean to you as a Florida home insurance consumer?

You didn’t get the rate relief you expected and your state took on financial obligations that it has no hope of paying.

You are at risk if Florida experiences a major hurricane in the next year. Once the losses of your Florida home insurance company exceed certain levels, your company will ask the Florida Cat Fund to reimburse them in order to pay your claim. Since the Florida Cat Fund is short on cash, you might have a long delay in getting your claim paid.

The promise to pay your Florida home insurance claim has never been more at risk than it is today.

Now that you know that the Florida Hurricane Catastrophe Fund will not meet its obligations, let’s examine the National Catastrophe Fund idea that Florida has been bring up in Washington for years. This National Cat fund would offer an additional layer of loss protection above and beyond the obligations of the Florida Cat Fund.

The theory is that a National Catastrophe Fund would be funded in part by insurance premiums paid by policyholders in states that are part of the fund. A National Cat Fund would be a separate fund that would earn interest and grow during the years when there aren’t any claims.

Supporters claim that no taxpayer money would be needed to sustain a National Cat Fund. Storm history tells us there would be times that federal tax dollars would have to be used to offset major losses.

And everyone knows that the federal government can’t keep its funds separate. Just ask someone in Washington to show you the billions that are supposed to be in the Social Security Trust Fund. You won’t be shown any cash - just a drawer full of T-Bills and IOU’s.

Now that the Big Three Auto makers and other shameless Fortune 500 companies have beaten Florida to the punch in Washington, it is very unlikely that a National Hurricane Catastrophe Fund will pass anytime soon. The red ink in Washington will make even President Elect Obama shy away from any additional federal obligations. So don’t look to the federal government to make good on the promise that was made to pay your Florida home insurance claim.

Finally, Citizens Property Insurance Corporation has consistently reported that it doesn’t have anywhere near the money it needs to pay out the almost half a trillion dollars in hurricane exposure it after a major Florida hurricane.

A large hurricane would mean that Citizens can’t pay even its primary obligations - those that it must pay even before losses reach levels where Florida Hurricane Catastrophe Fund reinsurance kicks in. And as a policyholder with Citizens, you are subject to paying higher special assessments after a major Florida hurricane than policyholders who have private homeowners insurance - special charges tacked on to your annual insurance bill.

In this new brave world where even governments can’t keep their promises here are some steps you should take as a Florida home insurance consumer right now:

Get a Florida wind inspection done and harden your home as much as possible.

Avoid Citizens Insurance Florida if you can.

Find a home insurance company that is strong financially and one that has spread its risk across both Florida and other states. Fewer policyholders will mean faster payment of your claim.

Report your insurance claim the same day as the Florida hurricane. This will make it more likely that you will get paid before your insurance company looks to the Florida Cat fund for reimbursement.

Last but not least. The fact that the Florida Cat Fund is short on money has not been lost on Florida home insurance companies. They are being charged for reinsurance by an entity that has publicly stated that it can’t meet its obligations. That means insurance companies are not getting what they paid for.

You should expect Florida home insurance companies to try to buy more of their reinsurance in the private market and not from the State of Florida in 2009. And they will look to pass that cost through to you in the form of higher insurance rates. If they don’t get the rate increases they need, your Florida home insurance policy might be cancelled.

As the Florida home insurance crisis continues, it has never been more important for you to stay on top of the Florida home insurance market for private insurance. You never know when you might have to find a new Florida home insurance carrier.



Kathleen

PBCVT asked:

The City Of Boynton Beach Promotion

Kevin

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Herbert

BBPDMediaRelations asked:

Watch as an erratic driver slams into a Mercedes before ramming into BBPD patrol cars on I-95 on Memorial Day. The driver was arrested and faces numerous felony charges.

Anne

701ed asked:

2br,2bth house w/garage,large screened porch, golf, close to beach, clubhouse w/ heated pool,jacuzzi. completely renovated and furnished, beautiful kitchen. seasonal rental

Georgia

Article Manager asked:


Everybody dreams of home and people work very much hard to build their dream home. Florida home builders have given shape to dreams of those people who have dreamt of having the home and are working hard for that. Different people can afford different types of home. Some can afford buying expensive home while some cannot buy expensive homes. There are two types of builders who cater to everybody’s needs.

Custom home builders build houses for the people who can afford expensive houses. Florida home builders build custom homes according to the choice of people. People can choose the features, colors and can express their own views if they want to have something different. Custom home builders do not purchase material in bulk rather they give more importance to quality as compared to quantity. Custom home builders use good quality of material, which looks beautiful and is long lasting. People do not care for spending more money because they get opportunity to decorate their home in their own way, what they have dreamt of.

Tract home builders build houses for the people who cannot afford expensive houses. These homes are also referred as Cookie-cutter Homes. These houses look identical because quantity is given more importance while constructing these houses. Buyers do not get chance to choose material for interior decoration because Tract home builders purchase material for these houses in bulk. Material used in tract houses for interior decoration is cheap but looks good in starting, after wear and tear it comes to its reality. Even then theses houses are liked by the people because it let them buy houses for themselves within the amount they can afford.

Nowadays, Florida home builders have started constructing the houses which can withstand even in hurricane. As Florida faces hurricanes frequently, the homes have to be strong enough to bear any natural calamity. It is must to enquire about the hurricane safety before buying any house. High-quality builders use highest quality material and usually build their houses with solid, poured concrete or steel-reinforced concrete. They also give importance to features such as impact resistant windows and a greater number of roof truss straps.

If you pay a bit of attention and spend sometime, you can find a right Florida home builder. You can search Florida home builders online also; numbers of relevant websites are available online. First you can have an idea about the kind of builder you want through the website and then you can contact him directly.

 



Veronica

RONIOC asked:

Nice sheephead off Boynton Beach FL reef in 60ft

Beatrice

jkjkjk1000 asked:

Promenade Boynton Beach

Renee