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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 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...
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