Insurance is nothing more than spreading the risk and right now the rest of the country does not want to share in the risk of Florida that has overbuild its coast line and where the real-estate costs have doubled over the past few years! Florida needs to do whatever it takes to get private insurance back in the state, because the state doesn’t know how to run an insurance company and when it comes to claim paying they can’t say NO to their policy holders. Anything that is run by a government agency starts out with good intentions but always becomes an over bloated organization with no one able to cut expenses. This is going to be a very expensive “solution” if any storm hits anywhere in FL.
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Insurance is nothing more than spreading the risk and right now the rest of the country does not want to share in the risk of Florida that has overbuild its coast line and where the real-estate costs have doubled over the past few years! Florida needs to do whatever it takes to get private insurance back in the state, because the state doesn’t know how to run an insurance company and when it comes to claim paying they can’t say NO to their policy holders. Anything that is run by a government agency starts out with good intentions but always becomes an over bloated organization with no one able to cut expenses. This is going to be a very expensive “solution” if any storm hits anywhere in FL.