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Reply to "What did Ian do to the Florida Real Estate Market?"
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[quote=Anonymous][quote=Anonymous]I think insurance is going to be a factor across the state. Someone is going to have to pay the billions in claims. I do think the market will be affected.[/quote] It does not really work that way. Increase next year does not compensate for this year. Each year is its own thing. Take say State Farm -- they keep some of their risk and see other risk to others. So while they could take a beating its not that bad. The investors whether reinsurance or others take a fair amount as well. Next year is its own thing but they will want a premium in case this happens again. I think it likely that the State will take action to limit policy increases.[/quote]
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