[Rhodes22-list] Coastal Living - Insurance

[Rik Sandberg]

Yeah, Brad, I can hardly wait.

Rik

"Stupid is supposed to be painful" .... Rik Sandberg



Brad Haslett wrote:
> This was predictable.  The Sun-Herald (Biloxi-Gulfport) had an article today
> about State Farm insurance and the fact they aren't writing any more
> homeowners policies in Florida. Nationwide and Allstate came to the same
> conclusion earlier (boat insurance is sure to follow).  Now I understand it
> is hard to love an insurance company, but this is a perfect example of what
> happens when 'da gubment' sticks its nose in private business, you don't get
> cheaper prices, you get fewer services.  Both Mississippi and Florida (and
> other states) have gone after insurers through their state insurance
> commissions and Attorney Generals, and the net result has been for the
> insurance companies to pick-up their bat, and ball, and glove, and go
> somewhere else to play. Those of us who live inland pay as well - my
> earthquake coverage was canceled due to Katrina, huh?  It sounds silly but
> that's the way it works.  The 2004/05 hurricane season gave the big boys
> bloody noses so they reduce their risk somewhere else to limit their
> exposure. Now here is the next thing that's predictable as hell, politicians
> will line-up during an election season and spout how they're going to
> protect you from those "greedy" insurance companies.  BS.  This is reality
> and the only thing you can do to remedy the situation is to take on more
> risk yourself, or move. If you love FEMA, you'll really love universal
> health care.
>
> Brad
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