“The university team originally expected the 2009 season to produce 14 tropical cyclones, of which seven would become hurricanes. But the season, which ended on Nov. 30 and was the quietest since 1997, had only nine storms, including three hurricanes.”
The insurance situation in Florida is a time bomb waiting to go off. The start up carriers there are basically a ponzi scheme where the carriers are filtering all moneys into an affiliated MGA and the carrier will be left for dead after a storm only to be resued by the tax payers of Florida and bonds purchased by carriers who operate within the State. FIGA assessments after that. FLORIDA IS A TIME BOMB!
The forecasters should be drummed out of business. They have cost Floridians billions of dollars and they’re crooks. Make them put some skin in the game or remain silent…
By the way – last year, incomplete reporting started to draw a financial connection between reinsurers and the risk management firms making forecasts. That would be worth someone’s time – rather than normal dribble stories…
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.
“The university team originally expected the 2009 season to produce 14 tropical cyclones, of which seven would become hurricanes. But the season, which ended on Nov. 30 and was the quietest since 1997, had only nine storms, including three hurricanes.”
The insurance situation in Florida is a time bomb waiting to go off. The start up carriers there are basically a ponzi scheme where the carriers are filtering all moneys into an affiliated MGA and the carrier will be left for dead after a storm only to be resued by the tax payers of Florida and bonds purchased by carriers who operate within the State. FIGA assessments after that. FLORIDA IS A TIME BOMB!
The forecasters should be drummed out of business. They have cost Floridians billions of dollars and they’re crooks. Make them put some skin in the game or remain silent…
By the way – last year, incomplete reporting started to draw a financial connection between reinsurers and the risk management firms making forecasts. That would be worth someone’s time – rather than normal dribble stories…