The insurance industry does risk assessment. Just follow the money. But as was pointed out...they are clearly wrong in their assessment about climate change risks so it is a big opportunity for someone that understands that climate change is not a risk. |
Waterfront has always been a risk and often been only available from the state. All over California and urban areas is the big change do to losses and the vaccine extreme excess deaths among 30-55 year olds. |
Absolutely. The problems going on in the insurance industry in Florida are fake and in fact, things are the same as always. |
Yes the biggest problem has been Bidenflation and sticker shock for repairs, materials and construction. It’s driving insurance and everything else into the stratosphere. Plus the massive life insurance losses from all the 30-55 year old excess death since the vaccine mandate. |
| Brr it’s cold today. |
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So does Al Gore keep his Pulitzer in “climate science” ? I’m seeing a huge amount of polar ice 11 years after his astute scientific prediction agreed to by the vast majority of “special needs climate scientists”. |
It's not that the premiums are increasing.. they will not insure the properties period. More and more and more and more dumped on the state tax payers. But again...you clearly understand that the risk assessments being done are wrong. |
No premiums are increasing so high people can’t afford them. They are leaving California and urban areas. |
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Floridas insurance problem is high litigation and lawyers
Between 2017 and 2021, data from the Florida Office of Insurance Regulation showed that $51 billion was paid out by Florida insurers over 10 years. About 71% of that total went to attorney’s fees and public adjusters while only 8% went to claimants. Lawyers are getting all the money. I’m sure the same in California and urban areas. Waterfront has always been from the state. Bidenflation has skyrocketed insurance nationwide. |
| You are right and the insurance industry assessing increasing risk from climate change is wrong. You should take advantage. |
It’s partially litigation and fraud. But don’t pretend it’s not also partially the hurricanes, because it is. |
Nope hurricanes were worse in the 50s. There’s a team known as the Miami hurricanes since 1925. |
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What everyone needs to do is deface renaissance masterpiece artworks.
That will surely cure climate change. |
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All the climate deniers on here will have a huge uninsured Florida playground at their disposal. Enjoy!!
Stupid insurance industry knows nothing. |
^^^ warmer is mad Antarctica ice expanding and record cold December northern hemisphere. The Al Gore no ice at North Pole by 2013 Pulitzer giving big black eye to “consensus” special needs “climate scientists”. |