Don't worry. Trad says there's no problems.
But Disney.My hurricane insurance went from~ 3k to almost 9k
$ or $$ or $$$ or $$$$?My insurance company sent a non-renewal notice due to wanting to reduce their hurricane loss exposure or something to that effect. You know... because Tallahassee takes so many hits from hurricanes. Thankfully I found another provider that will provide coverage.
$ or $$ or $$$ or $$$$?
Ya that's the governor's fault, I hear he is setting insurance rates now.My hurricane insurance went from~ 3k to almost 9k
Ya that's the governor's fault, I hear he is setting insurance rates now.
My insurance company sent a non-renewal notice due to wanting to reduce their hurricane loss exposure or something to that effect. You know... because Tallahassee takes so many hits from hurricanes. Thankfully I found another provider that will provide coverage.
Can I get with you...... conversations aren't working for some reason
Now think of California, and shit my previous company wouldn't even touch Louisiana. When was the last time Florida had a wildfire? Mudslide?10%+ of Florida should be uninsurable. When they happens, people on the water will either build correctly or take a total loss if they get hit.
That’s the only way to make this work.
California’s regulatory agency won’t approve rate or condition changes to existing policies. There’s is a regulatory failure.Now think of California, and shit my previous company wouldn't even touch Louisiana. When was the last time Florida had a wildfire? Mudslide?
What has he done this legislative session to provide relief? Assuming you think relief, or at least market stability, is needed.Dude, your blame is severely misplaced.
username @gmail.comYeah send me your email or some other contact info.
But there's no income tax in Florida.
National insurers may be reluctant to compete for business in Florida because of the risks from hurricanes and tropical storms, said Matthew Carletti, an insurance industry analyst for JMP Securities.
“When was the last time you had a $30 billion to $40 billion loss in Illinois?” he said. “Never.”
Climate change and increased vulnerability to storms are only part of the issue. The insurance industry also blames Florida’s “tort” laws, which it says encourages far more lawsuits against insurers than in other states, for driving up costs.
“There were 116,000 property claim lawsuits in 2021. We’re on pace for 130,000 this year, even before Ian,” said Mark Friedlander, spokesperson for the III, who is based in Florida. “In other states you might see only a few hundred. California, which is much larger, had 3,500 last year.”
https://www.cnn.com/us/live-news/hurricane-ian-florida-updates-09-29-22/index.html
The trade group for Florida’s trial lawyers says the problem is not the number of lawsuits but a lack of proper regulation. Rates have continued to rise even as the Florida legislature passed new restrictions on lawsuits, and they claim that the state is letting the industry call the shots on rates and the amount of coverage offered.
“Florida’s Insurance Commissioner, David Altameir, has given them handouts in the form of rate increases and changes that slice coverage to the bare minimum for policyholders in the interest of preserving the insurance industry’s profits,” said Amy Boggs, head of the property insurance division of the Florida trial lawyer’s association. “With Hurricane Ian barreling down on Floridians, policyholders have a weaker and harder-to-use insurance product. This storm will expose the true effect of diminishing insurance products in Florida.”