Hurricane Ian could cripple Florida's home insurance industry

[BertramN]

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Hurricane Ian could cripple Florida's home insurance industry

“Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims.”

Six insurance companies in Florida closed their doors permanently so far this year with six more during 2020 and 2021. “Nearly 30 others are on the Florida Office of Insurance Regulation's ‘Watch List’ because of financial instability.”

With climate change only getting worse, future Category 4 and 5 hurricanes will be smashing the Florida trumpublicans’ homes and businesses. And with the insurance companies in that red state going “toes up”, it will test the Florida trumpublicans’ opposition to socialism. The country will see how many of these “staunch conservatives” turn to the government, asking for money Congress must borrow to cover the capitalist insurance companies’ debts. It will provide another demonstration of the trumpublicans’ hypocrisy.

Hurricane Ian could cripple Florida's home insurance industry

Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims. Since January 2020, at least a dozen insurance companies in the...

www.yahoo.com

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[Donald H]

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Hurricane Ian could cripple Florida's home insurance industry

“Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims.”

Six insurance companies in Florida closed their doors permanently so far this year with six more during 2020 and 2021. “Nearly 30 others are on the Florida Office of Insurance Regulation's ‘Watch List’ because of financial instability.”

With climate change only getting worse, future Category 4 and 5 hurricanes will be smashing the Florida trumpublicans’ homes and businesses. And with the insurance companies in that red state going “toes up”, it will test the Florida trumpublicans’ opposition to socialism. The country will see how many of these “staunch conservatives” turn to the government, asking for money Congress must borrow to cover the capitalist insurance companies’ debts. It will provide another demonstration of the trumpublicans’ hypocrisy.

Hurricane Ian could cripple Florida's home insurance industry

Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims. Since January 2020, at least a dozen insurance companies in the...

www.yahoo.com

.

There's no doubt that many of the insurance companies will default on payouts to homeowners.
But that's just the American way.

The company goes bankrupt while the principles walk away and get business going again under a new name.

Something for the people of Florida to think about when they go shopping for new insurance!

 

[okfine]

.
Hurricane Ian could cripple Florida's home insurance industry

“Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims.”

Six insurance companies in Florida closed their doors permanently so far this year with six more during 2020 and 2021. “Nearly 30 others are on the Florida Office of Insurance Regulation's ‘Watch List’ because of financial instability.”

With climate change only getting worse, future Category 4 and 5 hurricanes will be smashing the Florida trumpublicans’ homes and businesses. And with the insurance companies in that red state going “toes up”, it will test the Florida trumpublicans’ opposition to socialism. The country will see how many of these “staunch conservatives” turn to the government, asking for money Congress must borrow to cover the capitalist insurance companies’ debts. It will provide another demonstration of the trumpublicans’ hypocrisy.

Hurricane Ian could cripple Florida's home insurance industry

Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims. Since January 2020, at least a dozen insurance companies in the...

www.yahoo.com

.

DeSantis signed a law to bolster insurance companies.

"As insurance rates continue to skyrocket in Florida, state legislators passed a law that aims to stop the price hikes, but will affect roofing in Florida and potentially other states in the process.
Florida Gov. Ron DeSantis signed Senate Bill 2-D on May 26, which includes measures to provide relief to insurance companies struggling with claims and help homeowners not only strengthen their homes, but find solutions for costly roofing scams. DeSantis’ signing followed a special legislative session on insurance where lawmakers approved of the bill in a matter of days with bipartisan support, hailing it as a step in repairing a market overrun with rising insurance costs and canceled policies"

New Florida Insurance Law’s Impact on the Roofing Industry

Florida’s insurance reform bill signed into law in May could have ripple effects on the roofing industry beyond the Sunshine State.

www.roofingcontractor.com

 

[1srelluc]

You lost me with your "with climate change only getting worse" BS.....I did not bother reading any further.

That said insurance companies are in business to make money.....When the risk outweighs reward they will no longer be able to cater to those that what to live in a place that mother nature tends ass-rape every few years.

There was a reason that FL was sparsely populated throughout most of it's history and only changed due to the vanity of man.

I'm sure the dems will be clamoring for a .gov bailout if they do go under. Hopefully they won't go under till after November.

 

[Synthaholic]

Too late - Ron DeSantis and the Republican Legislature have already crippled our property insurance. This has been an issue for a year.

The Legislature didn't deal with it during the Spring Session - they were too busy going after Gays, Disney, and CRT.

DeSantis didn't get involved to fix it.

DeSantis refused to call them back for a Special Session, which we have almost every fucking year, but not this year. He was too busy campaigning for President in 2024 to take care of urgent state business.

You are more than welcome to fact-check me on any of this. It's been a disaster, everyone told him that it was dangerous to not fix this. And now Floridians are fucked.

If Charlie Crist has any political skills at all he will hammer these points constantly, and DeSantis will lose. He's not as popular here as the wingnuts think he is. Plus, the Cubans are pissed at him for his Martha's Vineyard stunt, and they're pissed at his Lt. Governor for her comments about them and Fidel.

 

[BULLDOG]

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Hurricane Ian could cripple Florida's home insurance industry

“Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims.”

Six insurance companies in Florida closed their doors permanently so far this year with six more during 2020 and 2021. “Nearly 30 others are on the Florida Office of Insurance Regulation's ‘Watch List’ because of financial instability.”

With climate change only getting worse, future Category 4 and 5 hurricanes will be smashing the Florida trumpublicans’ homes and businesses. And with the insurance companies in that red state going “toes up”, it will test the Florida trumpublicans’ opposition to socialism. The country will see how many of these “staunch conservatives” turn to the government, asking for money Congress must borrow to cover the capitalist insurance companies’ debts. It will provide another demonstration of the trumpublicans’ hypocrisy.

Hurricane Ian could cripple Florida's home insurance industry

Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims. Since January 2020, at least a dozen insurance companies in the...

www.yahoo.com

.

Hard to work up much sympathy for insurance companies. Perhaps they should save some of their money to pay claims instead of paying their directors all those millions.

 

[Synthaholic]

I'm sure the dems will be clamoring for a .gov bailout if they do go under.

Uh...Naples and the SW of the state are all Gadsden Flag waving, anti-government rightwingers.

 

[Synthaholic]

DeSantis signed a law to bolster insurance companies.

"As insurance rates continue to skyrocket in Florida, state legislators passed a law that aims to stop the price hikes, but will affect roofing in Florida and potentially other states in the process.
Florida Gov. Ron DeSantis signed Senate Bill 2-D on May 26, which includes measures to provide relief to insurance companies struggling with claims and help homeowners not only strengthen their homes, but find solutions for costly roofing scams. DeSantis’ signing followed a special legislative session on insurance where lawmakers approved of the bill in a matter of days with bipartisan support, hailing it as a step in repairing a market overrun with rising insurance costs and canceled policies"

New Florida Insurance Law’s Impact on the Roofing Industry

Florida’s insurance reform bill signed into law in May could have ripple effects on the roofing industry beyond the Sunshine State.

www.roofingcontractor.com

Yeah, that was very narrow and only really addressed roofing, not property insurance.

 

[Synthaholic]

Hard to work up much sympathy for insurance companies. Perhaps they should save some of their money to pay claims instead of paying their directors all those millions.

A number of these insurers have just bailed. Left the state.

 

[1srelluc]

Hard to work up much sympathy for insurance companies. Perhaps they should save some of their money to pay claims instead of paying their directors all those millions.

It doesn't matter a fig if they go insolvent now does it?

I bet you will be the first one calling for a .gov bailout for them when it happens.

 

[BULLDOG]

It doesn't matter a fig if they go insolvent now does it?

I bet you will be the first one calling for a .gov bailout for them when it happens.

If they don't keep enough in reserve for their claims, they shouldn't be allowed to stay in business. Selling worthless policies is fraud.

 

[Canon Shooter]

I've got USAA. They've been absolutely stellar.

Got a call about our PV house, and it would appear as though we survived rather well. There was no damage to the house, although the dunes in front of the house on the beach side will need to be restored. I'm pretty surprised, to be honest. I was worried but, hey, you can only do so much.

Here at the inland house we definitely dodged a bullet, as well. No flooding, no downed trees, no nothin'...

 

[Batcat]

.
Hurricane Ian could cripple Florida's home insurance industry

“Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims.”

Six insurance companies in Florida closed their doors permanently so far this year with six more during 2020 and 2021. “Nearly 30 others are on the Florida Office of Insurance Regulation's ‘Watch List’ because of financial instability.”

With climate change only getting worse, future Category 4 and 5 hurricanes will be smashing the Florida trumpublicans’ homes and businesses. And with the insurance companies in that red state going “toes up”, it will test the Florida trumpublicans’ opposition to socialism. The country will see how many of these “staunch conservatives” turn to the government, asking for money Congress must borrow to cover the capitalist insurance companies’ debts. It will provide another demonstration of the trumpublicans’ hypocrisy.

Hurricane Ian could cripple Florida's home insurance industry

Hurricane Ian could cripple Florida's already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making it harder for people to collect on claims. Since January 2020, at least a dozen insurance companies in the...

www.yahoo.com

.

Oh my God. Global warming causing intense hurricanes.

This has been a quiet hurricane season and everybody was wondering where all the hurricanes went. One comes along and it is a Cat 4 and to the liberal media it proves global warming and the end of the world as we know it once again.

One strong hurricane proves nothing.

Shit happens.

 

[theHawk]

With climate change only getting worse

How is climate change getting worse?

 

[Whodatsaywhodat.]

There's no doubt that many of the insurance companies will default on payouts to homeowners.
But that's just the American way.

The company goes bankrupt while the principles walk away and get business going again under a new name.

Something for the people of Florida to think about when they go shopping for new insurance!

Dangerous, send some immigrants to Martha's Vinyard. Pronto ... emergency.

 

[james bond]

How is climate change getting worse?

Just read the news. It was a cat 4 hurricane that just went through Florida and now heading towards Louisiana. Started as cat 1.

MSNBC host Joy Reid says there’s ‘no doubt’ global warming fueling Hurricane Ian

“The ReidOut” host Joy Reid took time during ongoing Hurricane Ian coverage on Wednesday to rage about global warming with her fellow MSNBC anchor Ali Velshi.

nypost.com

 

[theHawk]

Just read the news. It was a cat 4 hurricane that just went through Florida and now heading towards Louisiana. Started as cat 1.

MSNBC host Joy Reid says there’s ‘no doubt’ global warming fueling Hurricane Ian

“The ReidOut” host Joy Reid took time during ongoing Hurricane Ian coverage on Wednesday to rage about global warming with her fellow MSNBC anchor Ali Velshi.

nypost.com

We’ve never had Cat 4 hurricanes before?

 

[Remodeling Maidiac]

BertramN

gloBULL Warming isn't the cause of IAN. You
Are
A
Buffoon
If you believe otherwise

 

[Batcat]

Just read the news. It was a cat 4 hurricane that just went through Florida and now heading towards Louisiana. Started as cat 1.

MSNBC host Joy Reid says there’s ‘no doubt’ global warming fueling Hurricane Ian

“The ReidOut” host Joy Reid took time during ongoing Hurricane Ian coverage on Wednesday to rage about global warming with her fellow MSNBC anchor Ali Velshi.

nypost.com

Actually Ian started as a tropical depression then became a tropical storm, a cat one hurricane, a cat two hurricane, a cat three hurricane and finally a cat four hurricane. All hurricanes climb a ladder of strength.

The members of the Global Warming Religion, scientists hoping for grant money and the liberal press will try to convince you that there are more hurricanes and they are stronger.

No, Hurricanes Are Not Bigger, Stronger and More Dangerous

A fatally flawed paper on climate science passed peer review at a significant journal. The result has been a polluting of our discussions of climate science and policy.

www.forbes.com

 

[james bond]

We’ve never had Cat 4 hurricanes before?

Not as many in the past. The latest numbers have taken a jump to 32 from 24 in shorter time frame -- List of Category 4 Atlantic hurricanes - Wikipedia. Meteorologists are still predicting more cat 4s today. They have established a relationship between SSTs (surface sea temperatures) and hurricanes.