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)?
They just passed medical malpractice reform and the doctors even tried to rewrite the law so it would be financially impossible to sue doctors by caping the contingent fee to 10% of a claim. (it was bypassed which ticked off the doctors)
I think the real issue with the homes is that the house values are so high because this is where people want to live.
How many UBERmansions are there in southdakota?