On the other hand, maybe we should rebuilding in places with catastrophic disasters on an annual basis. How long should we keep doing the same thing expecting different results?
This was after private insurers started bailing out in the early 2000s when it became clear how ridiculously expensive it would be to provide hurricane insurance there.
I’m on Citizens. Every year I get a letter telling me they have the legal right to sell my policy if they find a comparable one in the private sector within 20% of what I’m paying. Every year they fail to find one. The best thing about Citizen’s is that they can’t leave the state.
Huh, it’s almost like for-profit insurance companies shouldn’t be a thing…
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On the other hand, maybe we should rebuilding in places with catastrophic disasters on an annual basis. How long should we keep doing the same thing expecting different results?
It’s hard to stomach bailing out people and parts of the country for events caused by a process they actively deny and lie about.
Florida actually has a state sponsored home owners insurance.
https://www.citizensfla.com/who-we-are
This was after private insurers started bailing out in the early 2000s when it became clear how ridiculously expensive it would be to provide hurricane insurance there.
I’m on Citizens. Every year I get a letter telling me they have the legal right to sell my policy if they find a comparable one in the private sector within 20% of what I’m paying. Every year they fail to find one. The best thing about Citizen’s is that they can’t leave the state.