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August 10, 2011 - C&S Blog

August 10, 2011

It's amazing how fast this year is going by. Seems like only yesterday associations passed their annual budgets. If you have not already started, it is time again to begin the budget process. August is the time to get all information together to prepare the first draft. C&S managers will be working with association boards for a first draft to be completed in September.

The Florida Legislature and Governor have embarked on a bold plan to stabilize insurance prices over the long term. By allowing prices to significantly increase short term, it is believed that insurance carriers will return to Florida and with the increased competition, prices will stabilize and begin to decrease. Citizen Insurance cannot cover the amount of policies it presently has in the event of a major event. Since the budget is prepared well in advance of when the association's 2012 increase will be known, C&S and the association's insurance agent try to determine the best amount to place in the budget for insurance. This is sometimes a very challenging task.

Looking Ahead to 2012
June 20, 2011

Bradenton

4301 32nd Street West
Suite A-20
Bradenton, Florida 34205
Phone: (941) 758-9454
Fax: (941) 753-3062

Sarasota

31 Sarasota Center Blvd
Suite B
Sarasota, Florida 34240
Phone: (941) 377-3419
Fax: (941) 377-6218

Saint Petersburg

111 2nd Avenue North-East
Suite 900
Saint Petersburg, Florida 33701
Phone: (727) 456-0027
Fax: (866) 890-0548

Venice

871 Venetia Bay Boulevard
Suite 230
Venice, Florida 34285
Phone: (941) 786-3552
Fax: (866) 890-0548
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