[doc30]

......yet on the other hand posting record profits.....

What is the basis for that statement? I don't think you can prove the insurors are making a profit on homeowners insurance in Florida.

Please cite the reference.

Here it is. The other one had a bad link. Insurers' trick: profit amid cries of poverty

[bert]

I think the article is smoke and mirrors. The article cited refers to underwriting revenues and profits as a whole.

It says nothing about business in Florida.

When I watch CSI Miami and see all the structures right on the water and having spent considerable time in the construction of such buildings a few miles to the north in Plam Beach County, I wonder why anyone would insure any structure in South Florida.

When the big one hits dead on, its all over.

[DreamsofPolycarp]

This link is typical slapdash reporting. Allstate is the #2 insuror in AMERICA. It has exposures in 50 states, Puerto Rico, Canada, Europe, and Mexico. To say that FLORIDA must be making money because the company had a profitable year is just plain downright stupid. No other way to say it.

I do not work for Allstate, and have no connection with them in any fashion.