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RESOLUTION NO. 07-024
A RESOLUTION BY THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUCIE COUNTY,
FLORIDA, REGARDING THE EXTREME
INSURANCE RATE INCREASES IMPOSED
UPON THE RESIDENTS AND BUSINESS
OWNERS IN FLORIDA AND STRONGLY
URGING THE FLORIDA STATE LEGISLATURE
TO ADDRESS THE ISSUES IN THE SPECIAL
SESSION CALLED FOR IN JANUARY 2007
WHEREAS, St. Lucie County residents and business owners bear a burden of
insurance rate increases that affect the economic welfare of the County; and
WHEREAS, residents and business owners throughout the State of Florida are
struggling under similar circumstances relating to the current insurance crisis; and
WHEREAS, particularly senior citizens on fixed incomes and young families are facing
extraordinary challenges as homeowners with possibilities of foregoing insurance or even
losing their homes, while business owners are faced with decreasing profits and potential
closings; and
WHEREAS, St. Lucie County, and to a lesser extent neighboring counties in the Tri-
County Region, are subject to additional insurance rate increases due to perceived sinkhole
risks; and
WHEREAS, in 2006, the Florida Legislature, through Senate Bill 1980, addressed
some of the insurance rate increases associated with the perceived sinkhole risks, and
imposed a requirement on Citizens Property Insurance Corporation for rates to be calculated
including charges for reinsurance to cover the 70 year storm event; and
WHEREAS, the Governor's Property and Casualty Insurance Reform Committee has
proposed recommendations for consideration by the Florida Legislature to address the
insurance crisis; and
WHEREAS, a legislative special session on the insurance crisis to amend SB 1980 and
to adopt the Committee's recommendations is necessary so as to provide expeditious relief
to the residents and business owners of Florida.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
St. Lucie County, Florida:
1. The Board hereby urges the Florida Legislature to consider the proposed
recommendations to address the insurance crisis in the Special Session called for in January
2007; and
2. The County Administrator or his designee is hereby directed to forward a copy
of this resolution to the County's Legislative Delegation.
PASSED AND DULY ADOPTED this 9th day of January, 2007.
ATTEST:
""..5<S~'I·:,~.~.,.BOARD OF COUNTY COMMISSIONERS
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APPROVED AS TO LEGAL FORM AND
CORRECTN]S:
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COUNTY ARNEY