Now it all goes together. Al Gore is doing his global warming gig for the insurance companies. Spread fear of everything and people buy more insurance, cost becomes secondary.
What are the reinsurance companies paying him?
With the insurance company\’s making so much more money and raising our rates every year. Who is there going to be left here in Florida that can afford their rates? If our rate increases continue at $1250 per year, we figure 2 more years we\’ll be leaving.100% to 130% increases is nothing new. Our fat cats just want to get fatter and fatter.Thats all that\’s happening, just like the oil people, same scam,different product.
Our homeowners insurance rates in my area of Texas have \”hovered\” around $1000 to $2300 per year for some time now. The future of hazard insurance (my opinion) is a federal insurance policy, or state policy. Each state now governs its insurance, not the Fed. However, FEMA policy changes for flood, hazard insurance policy changes (future of insurance) will be akin to what is happening now in the insurance market. It\’s the \”haves vs. the have nots\”. Huge insurance premiums and little coverage and no legal recourse for policyholders. The future of insurance (my opinion). I am insurance agent of 28 + years.
Before you decide that government-run insurance \’company\’ is the way we should go, please check out that kind of track record. ALL the countries that have followed that plan have completely trashed their economies. The latest complete cycle is Portugal. They nationalized their insurance industry. Then their banks. Then the whole economy turned into a mess which lasted for more than twenty years.
Over the last decade they have re-privatized the financial industries and things are looking much better. It\’s again a great place to visit.
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Now it all goes together. Al Gore is doing his global warming gig for the insurance companies. Spread fear of everything and people buy more insurance, cost becomes secondary.
What are the reinsurance companies paying him?
I wonder if Moskau will buy flood including excess flood on his new home?
With the insurance company\’s making so much more money and raising our rates every year. Who is there going to be left here in Florida that can afford their rates? If our rate increases continue at $1250 per year, we figure 2 more years we\’ll be leaving.100% to 130% increases is nothing new. Our fat cats just want to get fatter and fatter.Thats all that\’s happening, just like the oil people, same scam,different product.
Our homeowners insurance rates in my area of Texas have \”hovered\” around $1000 to $2300 per year for some time now. The future of hazard insurance (my opinion) is a federal insurance policy, or state policy. Each state now governs its insurance, not the Fed. However, FEMA policy changes for flood, hazard insurance policy changes (future of insurance) will be akin to what is happening now in the insurance market. It\’s the \”haves vs. the have nots\”. Huge insurance premiums and little coverage and no legal recourse for policyholders. The future of insurance (my opinion). I am insurance agent of 28 + years.
Before you decide that government-run insurance \’company\’ is the way we should go, please check out that kind of track record. ALL the countries that have followed that plan have completely trashed their economies. The latest complete cycle is Portugal. They nationalized their insurance industry. Then their banks. Then the whole economy turned into a mess which lasted for more than twenty years.
Over the last decade they have re-privatized the financial industries and things are looking much better. It\’s again a great place to visit.