You\’re right, but I can understand why it\’s so hard for people who have lived there a long time. Homeowners insurance in general and hurricane risk in particular were dramatically under-priced until the mid-90\’s. Since then, companies have struggled toward rate adequacy at the same time hurricane activity increased and coastal population growth exploded (this impacts insurer capital and reinsurance costs). It\’s really not so much the LEVEL of hurricane rates as much as the CHANGE in rates that is causing hardship.
And she was first one on the post. God love ya, Rosie. We\’re in for a fun afternoon today folks. Just hang here for a minute, Rosie. They\’ll be here like flies on honey. Here we go!
\”Lazear said recently enacted Florida legislation aimed at reducing homeowners\’ rates by giving insurers access to cheaper, state-backed backup coverage will drive private insurers away, reducing competition. The plan charges artificially low rates, he said, meaning it will likely require a taxpayer bailout or large assessments on policy holders to cover the next big storm.\”
Again, why should the rest of the country bail out Florida politicians from the results of their bad decisions?
Rosie:
Is this the best you can do?? I am extremely disappointed in you!!!! You can do better, I know you can. Come on-Bush is something more than than a headache maker. Let’s hear it. It’s Friday-its fun day. We need you!!
Linda was looking for me over on the Katrina/AdjusterJoe story…
I said I would let Donnie get the (stupid) last word. I can\’t go back on that now…
Glad to see everyone over here… Drinks are on me tonight… after dealing with Donnie and Joe, I am gonna need A LOT of drinks… and someone to drive me home.
Anyhow, maybe I should stick to the topic at hand? But, I have no comments on it- I just wanted to say hi! :)
Happy Friday!
Hey B! Nice to see you here…
ACE- glad you got a good \”feel\”ing ha ha ha ha ;)
The majority of Floridian\’s do not live in \”ritzy houses on the beach\”. Those that do can AFFORD the cost of insurance. The rest of us hard working people are finding it very TOUGH to pay the prices the companies are charging. Yes, yes, yes I know the companies are there to make a profit and I don\’t have any problem with that. What I do have a problem is with this. I have lived in Florida for almost all my life. Eight years ago when I moved into a different house my windstorm premium was less than $800.00 a year. Last year my premium was $3,500. That does not take into account another $800 a year for HO ins that does not cover wind or flood and another $900 for flood.
Then there is the matter of companies not wanting to write any insurance here and pulling out.
Unfortunately for me and many other Floridian\’s my income is not going up as fast as my premiums are going up.
Florida is not a welfare state and we are not looking for \”handouts\” or a free ride, just a little relief on the rate increases.
I don\’t know what state you live in but please stay there.
Group, I think we have finally converted Rosie to our side. Each new Bush bashing is getting weaker and weaker…..or maybe she is on a diet and has just enough energy left to feed her pie hole!
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
You\’re right, but I can understand why it\’s so hard for people who have lived there a long time. Homeowners insurance in general and hurricane risk in particular were dramatically under-priced until the mid-90\’s. Since then, companies have struggled toward rate adequacy at the same time hurricane activity increased and coastal population growth exploded (this impacts insurer capital and reinsurance costs). It\’s really not so much the LEVEL of hurricane rates as much as the CHANGE in rates that is causing hardship.
he says no to everything. He\’s probably had a headache for 6 years straight.
And she was first one on the post. God love ya, Rosie. We\’re in for a fun afternoon today folks. Just hang here for a minute, Rosie. They\’ll be here like flies on honey. Here we go!
\”Lazear said recently enacted Florida legislation aimed at reducing homeowners\’ rates by giving insurers access to cheaper, state-backed backup coverage will drive private insurers away, reducing competition. The plan charges artificially low rates, he said, meaning it will likely require a taxpayer bailout or large assessments on policy holders to cover the next big storm.\”
Again, why should the rest of the country bail out Florida politicians from the results of their bad decisions?
OMG Rosie, two funny comments this week! You are on a roll girl.
Is this where the Rosie party is?
Rosie:
Is this the best you can do?? I am extremely disappointed in you!!!! You can do better, I know you can. Come on-Bush is something more than than a headache maker. Let’s hear it. It’s Friday-its fun day. We need you!!
Hey :)
Linda was looking for me over on the Katrina/AdjusterJoe story…
I said I would let Donnie get the (stupid) last word. I can\’t go back on that now…
Glad to see everyone over here… Drinks are on me tonight… after dealing with Donnie and Joe, I am gonna need A LOT of drinks… and someone to drive me home.
Anyhow, maybe I should stick to the topic at hand? But, I have no comments on it- I just wanted to say hi! :)
Happy Friday!
Hey B! Nice to see you here…
ACE- glad you got a good \”feel\”ing ha ha ha ha ;)
The majority of Floridian\’s do not live in \”ritzy houses on the beach\”. Those that do can AFFORD the cost of insurance. The rest of us hard working people are finding it very TOUGH to pay the prices the companies are charging. Yes, yes, yes I know the companies are there to make a profit and I don\’t have any problem with that. What I do have a problem is with this. I have lived in Florida for almost all my life. Eight years ago when I moved into a different house my windstorm premium was less than $800.00 a year. Last year my premium was $3,500. That does not take into account another $800 a year for HO ins that does not cover wind or flood and another $900 for flood.
Then there is the matter of companies not wanting to write any insurance here and pulling out.
Unfortunately for me and many other Floridian\’s my income is not going up as fast as my premiums are going up.
Florida is not a welfare state and we are not looking for \”handouts\” or a free ride, just a little relief on the rate increases.
I don\’t know what state you live in but please stay there.
Group, I think we have finally converted Rosie to our side. Each new Bush bashing is getting weaker and weaker…..or maybe she is on a diet and has just enough energy left to feed her pie hole!