But the rates do reflect the large risk.
Stationed there many, many years ago. It was like living in the Wild West. Fire Chief busted for coke smuggling. Think there were 2 or 3 cops in all (plus MPs from the NAS).
Can’t imagine what it’s like now.
actually with the advent of small subs the keys at no longer a smuggling haven they can spread the risk.
We still have some corruption but nothing like the old days. actually its been along time since we had claims paid down here and even now our codes are far better than anywhere else on any coast in the US.
Looks at Texas only 20% of them even had flood insurance. You cant get a mtge. down here without it.
It’s our fault for not self-insuring we need to stop depending on others.