Reinsurance Rates for Catastrophic Coverage Jump as High as 50% to Insurance Companies Effective

The Conservative Treehouse ^ | Jul 3, 2023 | Sundance

[Joe Brower]

We're self-insuring by just having enough liquid capital on hand to take care of anything but the most catastrophic repairs out of pocket, which is what we're doing anyway. If nothing else, just scrape the land bare of rubble and park a motorhome there for a while. < G!>

As far as the FedGov removing itself from subsidizing flood insurance, I concur. Then the REAL costs of this would be made painfully apparent. That would be an enormous, and much needed, shift in the whole paradigm.

Then again, so would getting Uncle Sam out of a lot of things he has no business in.

[George from New England]

It will end up the only ones with insurance are folks with mortgages and lenders. Everyone else will self insure.

[GOPJ]

Property taxes on the home I rent out are over $12,000 and insurance is over $5,000. And I doubt the insurance is that good anyhow. 5% deductible on Hurricane coverage... which means if it’s ordinary Hurricane damage they pay next to nothing.

[Tolerance Sucks Rocks]

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[Texas Fossil]

ESG and the Chinese (political) social scoring system used as a method of analysis for underwriters is buried in the brew. (Yes, I can show you evidence of this)

You sound like you are informed about the insurance business.

This is driven by cost push to building materials driving home cost up to huge levels, allowed by cheap interest, complicated by Federal Corruption. And many more related factors.

Where does this go? What comes after a boom, a collapse.

That is what the Globalist overlords and their bought POLs want. Then they can steal all the assets with money created right out of the air ( or something farther south).

[Texas Fossil]

I would have responded sooner, but we were out of town over 4th of July weekend. Turned off PC before we left. When I got home the computer would not start, replaced power supply and it is all back in order now.

Scale of things today is destroying all sense of community.

My family has owned/operated farms in this county since 1889. This county was not cut up until 1885. My ancestors and their neighbors had to support each other or they would have died.

Now “Mr. Globalist” (as Catherine Austin Fitts calls them) wants 1 bank in the either called the web to suddenly be in total control.

If they pull this off, all sense of humanity will be dead. It will be hell.