vxbush 7/12/2023 7:11:14 AM

1

Wow. That's quite a vista in that picture today. 

Farmers Insurance Company Pulls Out of Florida – Another 100,000 Policies Will Not Be Renewed

The only person I see talking about this (in Florida) is Sundance--or at least, that's the only place that's showing up in the places I read.

The insurance industry is NOT doing well; it costs so much more to rebuild things in the Biden economy. Don't I remember seeing a story about insurance woes in California, too? Why yes. Yes I did. 

JCM 7/12/2023 7:22:48 AM

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"This issue of transportation is fundamentally about just making sure that people have the ability to get where they need to go!"

Guess the speaker

JCM 7/12/2023 7:27:05 AM

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Reply to vxbush in 1:

The author says he was critical of FL insurance regulations... but not what the problem actually is.

Closest I can come is property values are too high and insurance companies are avoiding the risk of paying out on high value properties.

vxbush 7/12/2023 7:35:11 AM

4

In #3 JCM said: Closest I can come is property values are too high and insurance companies are avoiding the risk of paying out on high value properties.

I think the impact of being in a hurricane zone is also playing strongly into this. Hurricane Ian cost boatloads to recover from, and a lot of the work isn't done yet. Add in the Biden economy and the outlay in costs is close to astronomical. 

Occasional Reader 7/12/2023 7:49:52 AM

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Reply to vxbush in 4:

And, times being what they are, I also have to wonder if this isn't a political ploy aimed at DeSantis. 

vxbush 7/12/2023 7:58:09 AM

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In #5 Occasional Reader said: And, times being what they are, I also have to wonder if this isn't a political ploy aimed at DeSantis. 

That would not surprise me at this point.

JCM 7/12/2023 8:13:30 AM

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Reply to Occasional Reader in 5:

That crossed my mind, the article said the policies were pre-DeSantis.

That doesn't mean the insurance companies aren't playing politics.