Posted on 05/04/2023 1:46:53 AM PDT by Recovering_Democrat
The American Federation of Teachers released a report with these findings and accused Gov. Ron DeSantis of siding with insurance companies...
But the non-partisan insurance analyst group doesn’t believe it’s so cut and dry. Mark Friedlander, a spokesperson for the Insurance Information Institute, says there are several unique factors that are driving the state’s insurance rates.
This includes insurance claims litigation, fraud and natural disasters. He uses the example of Hurricane Ian; the second most expensive “insurance loss event” in history.
(Excerpt) Read more at nbcmiami.com ...
The Miami media hates any conservative Republican.
The state’s building insurance crisis has been an ongoing issue for more than two decades. It dates from when Democrats were in power and resisted the strong building codes needed to protect homes and commercial buildings against hurricane damage and the deterioration of reinforced concrete due to coastal salt and moisture. That is the driving cause of why many of Florida’s building owners now find property insurance outrageously expensive or unavailable.
Media hates DeSantis ping.
Correct. We certainly need more insurance providers in Florida, but the current governor and legislature seem to be working toward that goal.
So it’s all due to lax building codes and massive hurricane damage?
I think it’s from the prevalence of fraud. Lots of contractors going around showing people how to file claims for new roofs, sinkholes, etc.
Seems the more regulations there are the more fraud occurs. Get rid of the bureaucrats and crooks and let the marketplace decide.
I speak from experience. After a hurricane damaged a disabled friend's home several years ago, he was swindled by a crooked public insurance adjuster and a fraudulent contractor working as a team. It took quite a bit of time and effort, but I put together a submission to the local state attorney that got them both prosecuted and convicted of felonies, with my friend getting most of his money back.
Bless you.
Our homeowners association is having a meeting tonight to discuss the problem of property insurance (lack of availability) here on the gulf coast. It would be nice if our governor would at least say anything that was encouraging. We are waiting.
More and more people moving here and finding out it’s not cheap living even if you are in a non flood/wind zone. Car insurance jumped 20 percent too. No accidents. Been with the same company fifty years.
Fraud is a big problem. A few years ago it was “sink hole” fraud. Then it was “water leak” fraud for those that wished to change their flooring (new carpet, tile, etc.). Now it’s the roofing fraud. Incessant calls by roofing people to “inspect” your roof for “wind damage” so you can get a new roof at Insurance company expense. While weak building codes and adherence to them is a big problem, new fraud offensives seem to come along as the old ones are stamped out. Penalties for fraud and building code violations need to be much more severe.
What compels a teachers’ union to publish a study about homeowners insurance?
Is this why we have failing schools? Should they not concentrate their efforts on ...umm... say.... something like teachin’?
EC
Fraud is a big problem.”
^
Ive lived in Florida for 63 years.
Miami newspapers carried several pictures of a large sofa damaged by Hurricane Andrew. The sofa was moved among several homes in an immigrant community. (Hialeah).
Insurance fraud was cited because the SAME sofa was used in several different claims!
Fraud wasn’t confined to immigrant communities: A co-worker tossed her furniture into their pool so they could claim new furniture. State Farm Insurance was SO impacted, they wouldn’t sell insurance in Florida any longer. (Since 1992).
Funny thing about cat 5 Ian... there were no weather stations or weather buoys that registered any winds near cat 5 levels. Hell, there weren’t any readings over cat 1. The only place those winds were registered was at altitude... roughly 2000 ft up
Yes, there was flooding. But no cat 5 wind damage. If there were, the entire coast where it came ashore would’ve been wiped clean.
Meanwhile, expect democrats in the insurance industry to make living with insurance in Florida as difficult as possible
Good question--what's next--the building trade unions publishing a study about student reading and math scores--actually that might make more sense.
A very good question. As I see it, anyone who speaks ill of DeSantis will get ink, right down to the disgruntled janitor.
Or perhaps these 'journalists' see this as a two-fer, seeing as how mean Florida has been lately to teachers groomers.
Being a teacher is a noble profession. It takes patience, knowledge, and compassion to be a good teacher. Great teachers are worth their weight in gold. I’ve had a few.
These groomers, however, are not teachers. They are psychopaths and sociopaths. They prey on children and seek the destruction of the world we live in.
My ins rate has almost tripled in the past four years. Home Insurance and Car insurance(especially home) insurance is well over half of our yearly expenses here in Florida.
Perhaps one of the few downsides to FL.
If the American Federation of “Teachers” is against you. you are doing right.
Insurance company loss models and rates and much else are subject to regulation and oversight by the state. My guess is that the end of the COVID emergency brought an apparent surge of vehicle accidents and claims that was actually just a return to normal. As a practical matter, it usually pays for the consumer to shop around on car insurance every few years.
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