Sell risk to yourself, and pocket the savings

Bob Hunter, director of insurance for the Consumer Federation of America, had calculated in March that homeowners could save an average 24 percent on their premiums, based on special session legislation passed in January.

[Property Insurers] "made $150-billion over the last three years," he said. "That's $525 for every man, woman and child in America."

Hunter outlined several reasons why insurance companies weren't lowering their rates more than expected: some companies use affiliates that sell reinsurance essentially to themselves. . .

Not only are the actual savings closer to 12 percent, they do not include numbers from the state's biggest carriers. St. Pete Times