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Florida CFO blames insurer exit on ‘wokeness’. Dems point to $3 billion industry ‘handout’
(www.miamiherald.com)
this post was submitted on 13 Jul 2023
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politics
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Most of the larger insurance companies are just not playing ball with state regulations anymore. All states with regularly occuring natural disasters have had major exits from larger insurance companies over the past few years. Florida just happens to be doing the dumbest thing possible and daring them to leave, essentially.
If you're in a state where insurance claims are nearing a 100% certainty by a majority of your customers every single year, there's zero motivation for these companies to stick around.
Yeah, this sums up the situation quite nicely. I have nothing more to add other than saying it's one more reason why it sucks to be a Floridian right now. We already had it bad enough with the oppressive summer heat and lack of seasons here, but now we've got some of the worst state leadership in the country to add a nice cherry on top of the shit sundae.
Florida and Texas seem to be racing each other towards oblivion.
As a Texan I can assure the veracity of this statement. I can't speak for Florida, as my time there was limited to a week in Orlando as a child.
I just remember the tap water tasting like the swamps smelled, which is reason enough for me to avoid Florida without all the gestures wildly in Florida's direction