Florida’s uphill battle with insurance deepened Tuesday with the exit of another large firm — Farmers Insurance.
Most of the larger insurance companies are just not playing ball with state regulations anymore. All states with regularly occuring natural disasters have had major exits from larger insurance companies over the past few years. Florida just happens to be doing the dumbest thing possible and daring them to leave, essentially.
If you’re in a state where insurance claims are nearing a 100% certainty by a majority of your customers every single year, there’s zero motivation for these companies to stick around.
Yeah, this sums up the situation quite nicely. I have nothing more to add other than saying it’s one more reason why it sucks to be a Floridian right now. We already had it bad enough with the oppressive summer heat and lack of seasons here, but now we’ve got some of the worst state leadership in the country to add a nice cherry on top of the shit sundae.
The issue is there are a LOT of people who still think that states like Florida and Texas are AMAZING places to live. Many even going as far as moving there, from places like CA. Not saying CA doesn’t have its fair share of problems, but at least seems to be trying to move in the right direction.
I can think of quite a few people I know who left CA to move to places like TX, FL, and even a couple to MS and LA. They didn’t need to, but rather wanted to. Why? Insert some pro 2A talking point or some trickle down type financial gibberish.
Florida and Texas seem to be racing each other towards oblivion.
As a Texan I can assure the veracity of this statement. I can’t speak for Florida, as my time there was limited to a week in Orlando as a child.
I just remember the tap water tasting like the swamps smelled, which is reason enough for me to avoid Florida without all the gestures wildly in Florida’s direction
This is going to become the norm more and more. Florida is not the only state that suffers from regular natural disasters. The entire gulf coast is basically in a similar boat. California has its wildfires. Tornadoes are common in much of the midwest. All of these are going to be exacerbated by climate change in the next few years even more than we’ve already seen, and I can see several states becoming just as uninsurable as Florida as a result.
This means that people are either going to have to move from those states, the government is going to have to nationalize homeowner’s insurance, or every natural disaster is going to be followed by a humanitarian crisis as thousands of families at a time see their homes destroyed and families bankrupted with no way to recoup their losses, forcing them to migrate to find other places to live.
And it isn’t going to change because half of our country believes mother nature is woke and the whole thing would just go away if we just hate gay people harder.
Hey man. I said 20 hate the gays last night before bed and the weather is nice today! it works!
Don’t forget that the weekend is coming up. If you don’t say at least 20 Hate the Gays and sacrifice the rights of at least one trans child, preferably while kicking his puppy, your Saturday plans are going to be completely ruined.
In case you had any doubt the word “woke” has become completely meaningless.
Just more evidence that Republicans are disingenuous idiots.
Thanks Wokebama.
Capitalists are surprised by capitalistic ideas 😮
I have to admit I foolishly assumed no one could stupidly claim that climate change isn’t real when insurance companies exit the market. After all, only an absolute idiot would believe that insurance companies care about anything other than money and risk.
