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Can we see an article with which insurance is left? Will there only be smaller companies that just claim bankruptcy after the next hurricane and then Florida asks taxpayers to bail them out? Fuck that.
All the insurance companies have insurance too (reinsurance) amd there is a state-run insurance company so it's not big a deal that they'll go out of business, it's that costs are just rising ridiculously fast. They just passed a law full of legal changes the insurance companies wanted (like making it harder to sue insurance companies) just to keep costs rising at "only" 40% in a year.
To apply for the state-run insurance it has to be 20% cheaper than any plan you can find with comparable coverage, and they can arbitrarily kick you off of it for no reason.
Yes, exactly. I read an article that said Farmers Insurance is pulling away but will still do new business in Florida under some of their smaller subsidiaries.