F I R M fairinsuranceratesinmonroe.com F.I.R.M. Fair Insurance Rates In Monroe 1st Upper Keys Informational & Action Meeting Coral Shores High School Wednesday March 22, 2006

F I R M fairinsuranceratesinmonroe.com Welcome to Tavernier This meeting is intended to unify our efforts for fair insurance coverage for property owners in Monroe County. It is our goal to have every city in Monroe County unite as Tavernier has this evening. This meeting is intended to unify our efforts for fair insurance coverage for property owners in Monroe County. It is our goal to have every city in Monroe County unite as Tavernier has this evening. We are focusing on solutions. Lets comment in that spirit. Please make comments brief and succinct. This meeting will last ~1 hr. PLEASE SILENCE CELL PHONES & PAGERS NO SMOKING ON GROUNDS.

F I R M fairinsuranceratesinmonroe.com Tonights Agenda Introductions Review FIRM mission statement Strategic Plan Review actions/progress to date Questions and Answers Adjourn

F I R M fairinsuranceratesinmonroe.com Big Pine Introductions Thank you for the invitation Thank you to Mary Thomas Cindy DeRocher & Teri Johnston

F I R M fairinsuranceratesinmonroe.com Media Introductions Hank Tester and Channel 6 Crew Monica Stanny from WGMX 94.3

F I R M fairinsuranceratesinmonroe.com FIRM: Mission Statement FIRM: Mission Statement We are concerned citizens and homeowners uniting to stop unfair and unaffordable property insurance premiums. We are concerned citizens and homeowners uniting to stop unfair and unaffordable property insurance premiums.

F I R M fairinsuranceratesinmonroe.com Why are we concerned? Windstorm Insurance Rates & Premiums County Rate per $1,000/Coverage Premium on $500,000 Escambia $5.18-$9.76$2,590-$4,880 Sarasota$6.39$3,195 Charlotte$7.17$3,585 Palm Beach$10.18-$12.41$5,090-$6,205 Collier$11.46$5,730 Miami-Dade$11.37-$19.15$5,685-$9,575 Monroe $20.91$10,455 Rates went into effect at midnight 2/28/06 Chart from the Citizens Property Insurance Corporation Wind Only Manual

F I R M fairinsuranceratesinmonroe.com Why are we Confused? Monroe County is High Risk- #17 county actual windstorm claims. More risk than Punta Gorda paying $7.17/$1,000? Monroe and Miami-Dade Counties build to the most stringent building codes in the state of Florida. Our structures are built to withstand winds of over 155 mph. Areas of Florida do not even require hurricane shutters.

F I R M fairinsuranceratesinmonroe.com FIRM Strategic Plan Freeze Citizens Property rates at the 2005 level until rate setting policies can be thoroughly investigated. Reduce current rates for more reasonable and affordable premiums (and deductibles). Streamline and improve efficiency of claims filing, processing, and settlement

F I R M fairinsuranceratesinmonroe.com FIRM Action Held 7 public forums reaching over 2,000 citizens since 2/20 -3,560 1 st time hits as of this morning. FIRM membership now 700-Please join us Media response –Newspapers: The Citizen, Solares Hill, Key Noter, Celebrate, Free Press, AP –Radio: 92.7, WKEY, and the Morning Mix with Monica. –TV: Channel 6, Fox,Comcast Channel 19

F I R M fairinsuranceratesinmonroe.com FIRM Action to Date FIRM letter writing campaign directed to: Governor Jeb Bush State Senator Larcenia Bullard State Representative Ken Sorensen Florida CFO Tom Gallagher Chair of the Senate Insurance Committee- Rudy Garcia Chair of the House Insurance Committee- Dennis Ross US Senators Mel Martinez, Ileana Ros-Lehtinen and Bill Nelson State Insurance Consumer Advocate-Steve Burgess State Insurance Commission-Kevin McCarty

F I R M fairinsuranceratesinmonroe.com FIRM Progress to Date Monroe county government has stepped forward in support of FIRM and its efforts. County Commissioner David Rice in conjunction with FIRM authored the following resolution which was unanimously approved by the BOCC on 3/15 :

F I R M fairinsuranceratesinmonroe.com Rice Resolution Bring Citizens Property Insurance rates back to 2005 level while the rate setting policies and procedures of Citizens are evaluated. Hire an independent Actuary to review Citizens rate request for Monroe County.

F I R M fairinsuranceratesinmonroe.com Rice Resolution Hire a consultant to monitor all legislation pertaining to windstorm insurance issues Urge the legislation to utilize $1.5 billion in sales tax surplus generated by hurricane repair related purchases to offset Citizens deficit instead of raising our rates. Propose legislative provisions to protect affordable rental housing (non- homesteaded) properties.

F I R M fairinsuranceratesinmonroe.com FIRM Progress 3/15 Public Forum in Key West Steve Burgess-State Insurance Consumer Advocate Questionable provisions of Citizens statewide filing requesting an additional 44% rate increase.

F I R M fairinsuranceratesinmonroe.com Whats Questionable 1. Cost of Doing Business Charge 2. Charge to Accelerate a Citizens Reserve Account. Impact to us- Removing these 2 charges would reduce our current rates 4% below what we paid in 2005 Burgess has filed his findings with the state.-Kevin McCarty

F I R M fairinsuranceratesinmonroe.com Help in Washington Law Firm of Hogan & Hartson L.L.P. in Washington, D.C. has agreed to provide FIRM with our own lobbyist (pro bono) to represent the interests of all Monroe County citizens in our battle over inequitable windstorm insurance rates.

F I R M fairinsuranceratesinmonroe.com Help in Washington Our Congresswomen Ileana Ros-Lehtinen on March 20th authored letters to Governor Bush, Florida House of Representative Speaker Allan Bense, Chairman of the House of Representative Financial Services committee Michael Oxley and President of the Florida Senate Tom Lee.

F I R M fairinsuranceratesinmonroe.com Local FIRM Support Key West City Commissions led by Mayor Morgan McPherson drafting a resolution similar to the counties to support the efforts of FIRM. Robert Cintron, Jr. from the Key West law firm of Morgan & Hendrick is providing us pro bono counsel on our windstorm premium battle with Tallahassee.

F I R M fairinsuranceratesinmonroe.com How Can You Be Involved? How Can You Be Involved? Get Educated- Get your Citizens Property Insurance Windstorm policy out and study it. Get Angry- Chart the rate of premium increases since 2003 and review the hikes in your deductible levels.

F I R M fairinsuranceratesinmonroe.com Tallahassee Progress On Thursday, March 30 th State Representative Ken Sorensen invited FIRM to take part in his windstorm insurance in the Florida Keys workshop in the House of Representatives Office Building in Tallahassee. Invitees are

F I R M fairinsuranceratesinmonroe.com Workshop Attendees All Monroe County Officials Insurance Consumer Advocate Steve Burgess Chairman of the House Insurance Committee-Dennis Ross Staff Director of the Insurance Committee- Tom Cooper Citizens insurance actuary and representatives from Citizens

F I R M fairinsuranceratesinmonroe.com Workshop Attendees Linda Rae deGinder, President of the Johnsons Insurance Agency Representative Ken Sorensen FIRM members Cindy DeRocher, Heather Carruthers and Thomas Mack. Monroe County Actuary-Allan Schwartz All members of the press

F I R M fairinsuranceratesinmonroe.com Get Angry?? Florida legislature convened on Tuesday, March 7 th to vote on a windstorm insurance rate hike requested by Citizens Property Insurance Company of an additional 44%

F I R M fairinsuranceratesinmonroe.com Get Involved Get Active: Continue to write, call, talk about the issues! Contact your local media resources to let them know this is a major community issue. This must stay at the fore-front of everyones mind. IT IS NOT JUST A HOME-OWNERS ISSUE.

F I R M fairinsuranceratesinmonroe.com What can you do Make sure that you are receiving all of the mitigation credits that you deserve. Windows, strapping, roof & hurricane shutters. Review your Citizens policy with your agent. Tell 10 friends and organize an Big Pine Action group to keep this issue in front of Tallahassee.

F I R M fairinsuranceratesinmonroe.com Thank You Big Pine!!!! THANK YOU for your interest. Without you, this effort will not be successful. We are grateful for your dedication to the future of Monroe County. Get your handouts, buy a t-shirt and make a contribution. Again, if we do not have your contact information, please see a FIRM representative at the rear of the auditorium or contact

F I R M fairinsuranceratesinmonroe.com Unite to Make it Right. Drive Carefully