Florida Home Insurance

[bob bob]

That logic doesn't track. Those companies need insurance too or their investors won't be real interested. Commercial lines are way worse than private residential.

They'd be paying cash and self insuring.

 

[Matt J]

They'd be paying cash and self insuring.

Sounds like a failed business after the next major hurricane hits the area.

 

[blindrid]

And what would a democratic government do? Force them to stay? How?

Agree. Anyone that believes otherwise has truly lost it. They obviously don’t understand the economics behind the insurance industry, just whiners…..

 

[Poppaj]

Agree. Anyone that believes otherwise has truly lost it. They obviously don’t understand the economics behind the insurance industry, just whiners…..

Are these the same economics whiners complain about when corporations raise prices even after posting record profits?

 

[blindrid]

Are these the same economics whiners complain about when corporations raise prices even after posting record profits?

See: America is running out of home-owners insurance

 

[Lake View Too]

I know I've been trying to articulate this before, but isn't the problem that a huge portion of the new homes being built in Florida, are (A) being built at a faster rate than ever before (any semblance of control growth is non-existent), (B) much larger than ever before, and (C) much pricier than ever before ($400 per ft. and up). It kind of seems to me that my drastic home insurance increases are subsidizing the excesses of the filthy rich.

 

[Poppaj]

See: America is running out of home-owners insurance

“Some insurance giants are abandoning entire states, leaving residents fewer and costlier choices to protect against costly catastrophes.”

Doesn’t really answer my question, but great example of why we need a national federal insurance program other than FEMA flood.
Remove the need to profit or guarantee returns for shareholders.

 

[Matt J]

The only way to save Citizens is to limit the overall coverage and who can utilize it. It should have been restricted to homesteaded residents, but instead we've subsidized investors and wealthy second home owners.