[doc30]

Being in FL I have mixed feelings about this. One one hand, insurers claim they are losing teir shirts in FL, but brag about record profits to their shareholders. On the other, will provisions like this mean you won't be able to get any other kind of insurance in FL as insureres completely bail on the state? There are a lot of other regulations in different house and senate bills, like banning insureres from dropping policies and freezing Citizen's rates at 2006 levels. Is this the way a conservative should be running the state?

[arizonarachel]

I work for a large insurance company that will remain unnamed, and we are currently writing NO home insurance in FL. We do write auto in FL, though, but rates are crazy in a lot of state.

There are also a lot of carriers pulling out of NJ and NY coastal areas. We get a lot of calls for those, too.

[Joe Brower]

Florida Freeper

[darkwing104]

bump

[prophetic]

as one friend of mine once said about Insurance:

It's the best legal way to literally PRINT MONEY that you can get away with!!

I think they are right.

[Recovering_Democrat]

Instead of punishing insurers, the legislature needs to find a way to make the market ATTRACTIVE to insurance companies.

No law forces insurance companies to stay in the state, and if they walk out we're all screwed. Insurance companies provide an important service, and if they cannot be profitable, they'll take their business elsewhere.

[kidd]

What happened to capitalism?

If house are expensive to insure in Florida, then insurers should be still able to arrive at a price that allows them to offer a policy. For a high enough price, even hurricanes can be accounted for.

Are there other reasons that insurers don't want to do business in Florida (too many regulations, overly litigous environment, etc)?

[Freedom4US]

This kind of "all or none" gambit hasn't worked very well in the past. Usually the insurance companies will say "Okay, bye...". Then, the insurance coverage falls onto the state or more properly, the government - and hence to the taxpayers. Oh well.

[goldstategop]

No but the political reality is if Republicans don't act, they will lose their majority in Florida to the Democrats. Insurance there is a pocketbook issue to the voters.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[rottndog]

"We've got to send a message to the insurance industry, because we've heard that message from our homeowners back home that they won't tolerate the cherry-picking in this state any longer."

Insurance industry should send a message back to them--insure yourselves, we're outta here.

If you live in a high risk region, you should pay the costs associated with living in a high risk region, including higher insurance rates, or no self insuring if no one else will.

[Nightshift]

The big insurance companies would not lose 1 seconds sleep over pulling out. same with our wonderful politicians who we elected.

and once they pass the law and all the insurance companies pull out, who will insure us? The state? the Feds? This is risky business our politicians are playing with our private insurance policies.

[The South Texan]

Good, I hope they do this in Texas. Unfortuanlely they run the legislture here in Texas. One thing I can't stand is the GOP alliance with the insurance companies.

[sbhitchc]

Buck up already. Do you want the government to insure you? The insurance companies need to cover their costs and make as much profit as they can for the owners (shareholders). Self insure your house if you have the guts.