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Soaring home insurance premiums in Florida are putting residents under unbearable financial pressure, with many telling Newsweek that they are considering leaving the state or moving somewhere cheaper within Florida. The state has currently the most expensive home insurance premiums in the country, according to a recent report by the Insurance Information Institute. Residents are currently paying on average more than $4,200 per year compared to the national average of $1,700, according to data from Triple I. While this is due in part to the increased risk of devastating weather events like hurricanes, other factors—including an excess of litigation and...

Former President Donald Trump will call on Florida Gov. Ron DeSantis (R) to “get back” to Florida and “do the job he was elected to do,” during his keynote address at the Turning Point Action Conference in West Palm Beach, Florida, according to prepared remarks obtained by Breitbart News.“It is time for Ron DeSanctus to get back here and do the job he was elected to do—be the Governor of FLORIDA,” Trump’s prepared remarks say. “He’s got to get home and take care of business.”Trump will urge DeSantis to return to Florida to address the home and car insurance crisis...

Property Insurance experts are weighing in on one state senator’s call for another special session to address the skyrocketing cost of property insurance for millions of Floridians. Gov. DeSantis is also urging patience, and quote “knocking on wood that we won’t have a big storm this summer.” “So knock on wood (that) we won’t have a big storm this summer,” he also said. “Then I think you’re going to start to see companies see an advantage.” “We have seen some projections that other companies may decide to take similar actions and withdraw from the state,” Friedlander said. “But we have...

A growing number of electric vehicles are reportedly being written off when even the slightest damage is done to their batteries - driving up owner costs and negating any environmental benefit of going “green.” As Reuters reports, insurance companies are writing off more and more low-mileage electric vehicles that have only minor damage, because any harm to the battery packs can’t be accessed or repaired. With some Tesla models, for example, the battery packs are actually glued into the car’s structure, making them difficult to remove, replace or repair. "A Tesla structural battery pack is going straight to the grinder,"...

All at once... If you’ve been paying attention, you’ve known since 2009 that ObamaCare was never going to “lower the average family’s premiums rates by $2,000.” That was just the lie that architects like Jonathan Gruber told you to sell their anti-constitutional boondoggle. When they say passage of the law relied upon the “ignorance of the American voter,” that’s what they’re talking about. Those who weren’t ignorant always knew that the ACA would cause rates to skyrocket, and most believe that’s exactly what it was designed to do. It’s failure was “baked in” to ensure that it was - as...

Thousands of Anthem Blue Cross individual customers with older insurance policies untouched by Obamacare are getting some jarring news: Their premiums are going up as much as 25%. These increases, 16% on average, are slated to go into effect April 1 for up to 306,000 people — unless California regulators persuade the state's largest for-profit health insurer to back down. Amid the fury last fall over canceled health policies, consumer advocates and state officials warned people that holding onto grandfathered policies purchased before the federal healthcare law was enacted in 2010 wouldn't shield them from significant rate hikes.

The financial security of Germany’s hospitals has fallen sharply in the last year with one in every two hospitals making a loss. A study released on Wednesday blamed rising insurance premiums for the precarious situation. … Net operating profits fell in almost 60 percent of the country’s hospitals and this year just 13 percent of clinics forecast a strong financial position. Smaller hospitals with fewer than 3,000 beds were particularly badly affected, the Spiegel reported, with 57 percent making a loss. …

I’ve been living in Ohio for over eight months now, and it was about time I changed car insurance as I still had my Pennsylvania policy. So, I made a few calls to get some quotes. First, I called Travelers, and their price was about the same as what I’d been paying, maybe a few dollars less. Not worth all the hassle to change. Then I called my current company, Progressive, and found out I could save some money by dropping something called “Medical Expenses.” I learned it was costing me $82 a year, and while Pennsylvania requires you have...

During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term. But it turns out that family premiums have increased by more than $3,000 since Obama's vow, according to the latest annual Kaiser Family Foundation employee health benefits survey. [snip] And ObamaCare will continue to fuel health premium inflation.

I’d seen some anecdotal tweets on this, and even this Blue Cross article, but I realized it is just now REALLY hitting “the streets” as they say.  Huge premium increases are not just happening to private insurance – but to Medicare supplemental insurance that so many count on.I’m posting the original PolitiJim Facebook post, and a few others I’ve received.  It’s worth noticing THIS STILL HAS NOTHING TO DO WITH THE TAXES that are to come.  PushbackNow.com has all 12 coming in regressive order.  All Wall Street Journal economist calculates that 75% of all ObamaCare costs are coming from...

The employer premiums for a single plan, distributed across a full-time work year, will add $1.79 per hour to these labor costs. The premiums for a family plan will add $5.51 per hour. Nationwide minimum labor costs will rise to an average of $10.03 per hour for full-time workers with a single health plan and $13.75 per hour for workers with family coverage. Moderately and highly skilled workers already cost more than this minimum to employ. Their employers will likely respond to the law by spending more on health benefits and reducing wages by a corresponding amount. The health care...

So, Ohio, how do you like President Obama now that you have had 2 1/2 years of him in the Oval Office? The Buckeye State turned blue for him in 2008, as the majority of voters bought into his mantras of hope and change and yes we can. The centerpiece of his domestic policy is Obamacare and now a new study shows that 790,000 Ohioans will lose their private health insurance and premiums will rise 55%-85% when Obamacare takes full effect in 2014.

Health insurance premiums for federal workers will increase next year, but would have been higher if not for the government's bargaining power, the Obama administration's personnel chief said Monday. The government announced Friday (without the fanfare of other years) that health care costs for federal workers will increase at a far greater rate than their pay next year, but still at rates less than the premiums of many private-sector workers. Average increases for the Federal Employee Health Benefits Program will be 7.2 percent, significantly more than the anticipated 1.4 percent pay raise in 2011. "The rates are actually much lower...

According to an article in the Wall Street Journal, those who buy health insurance as individuals or through a small business are about to be socked with huge premium increases, ironically as a result of efforts to make health care reform more palatable.

Feinstein's Bill To Cap Healthcare Insurance Rates Will Lead To Eventual Demise Of Private Insurance Companies: Goal, Single-Payer System by Donna Garner EDITOR'S NOTE: Donna Garner is a frequent contributor to RFFM.org. Garner resides in central Texas and was an educator for 33 years before her recent retirement. Garner was appointed by President Reagan and re-appointed by President Bush to serve on the National Commission on Migrant Education in the late 1980's through the early 1990's. Garner was chosen to serve on the English / Language Arts / Reading (ELAR) writing team for Texas when the TEKS education standards were...

48 hours had not even passed after Congress approved ObamaCare before the negative impact of its provisions began kicking in. (AP Photo/Charles Dharapak) Remember, the so-called 'benefits' of the program will not begin until 2014. But the fees, taxes, and other surcharges that are essential to the plan go into effect immediately. This has led to some disturbing consequences just within the last 24 hours. Karl Denninger via WRSA reported this:

As we move closer to the demise of this awful healthcare bill President Obama and other Democratic leadership are pushing harder and harder to publicize their fear mongering and play off our emotions as opposed to using fact. There seems to be no burden of proof needed to fight for a $1.2 trillion healthcare bill. One of the lies I've noticed recently is that Obama plans on controlling healthcare costs by monitoring premiums to ensure none are excessive in cost. Then of course, he would offer a public alternative in those cases where we could not afford private insurance premiums....

In 301 AD, the Roman emperor Diocletian imposed price controls on most commodities and professions in the empire. The penalty for raising prices was death. Yet the controls failed utterly, leading to shortages, more inflation and the near collapse of the imperial economy. Now, nearly two millennia later, President Obama seems determined to demonstrate how little we've learned. Yesterday, the president proposed giving the federal government the power to regulate insurance premiums. Undoubtedly, this will be politically popular -- at least, in the short term. Insurance companies aren't exactly America's most loveable industry. Recent premium hikes will result in real...

Every single day of this man's presidency is focused on destroying individual liberty and capitalism. There is no absolutely no authority for the federal government to control insurance premiums. This is right out of the Politburo's handbook. President Obama will propose on Monday giving the federal government new power to block excessive rate increases by health insurance companies, as he rolls out comprehensive legislation to revamp the nation?s health care system, White House officials said. Keep in mind that this is effectively seizing control of the health insurance industry. After all, if you control the rates, you control the companies'...

Yes and no, says the Congressional Budget Office. Make up your mind can't have it both ways.