But I thought Florida is where woke goes to die or some dumb shit like that?
So in a twisted way he’s right? Florida’s is where insurance goes to die?
Same old story from republican politicians. Don’t have any answer to a problem? Blame wokeness / gay or trans people / whatever minority you feel like scapegoating today.
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That’s the beauty of a concept like “wokeness.” It means whatever they want it to mean.
These insurance companies that are pulling out of CA and FL have done business in those states for ever, but now they can’t afford to stay because something changed. In California, it’s that we’re having a lot more frequent and severe fires. In FL, IIRC, it’s more frequent and severe storm damage. What would have changed that would cause these things? Gosh, I feel like it’s on the tip of my tongue.
You’re not wrong, but it actually gets worse than that. Florida specifically has made an ever increasing hostile environment for home owners insurance companies specifically. The way the Florida laws work make it very easy for rampant fraud to happen. Florida home owners basically know that you should never pay to replace your own roof, that’s what insurance is for. Every time there’s the lightest hailstorm or tropical storm you’ll have storm chasers handing out fliers in neighborhoods promising to get your roof repaired at very low prices. These companies then turn around and essentially sue the insurance companies. This is just one of the ways that it’s become unprofitable to run insurance in FL, but there’s many and FL legislature is fighting to make it worse every day.
Yeah it’s wild, the week following a thunderstorm with hail I would get 3 or more door to door roofers every day trying to assess the roof to get insurance to pay for a replacement. I don’t know anyone in Florida who paid out of pocket to replace their roof.
Floridiot here, thanks for the succinct explanation. There’s definitely more at play here than just climate change and (lack of) policy. We recently passed legislation to resolve the frivolous lawsuits but it only went into effect recently and as you can imagine, there was a massive influx of suits filed right before the deadline. It will take years or more to sort them all out so insurers are just like fuck Florida then, we’re out.
So CA is a bit different. The state rules require the premium be priced basically looking back at the last 20 years of actual sustained losses in the area. That seems like a good consumer rule to prevent price gouging but State Farm are (probably quite reasonably) saying that with the increased risk due to climate change and the increased rebuild cost, they can’t square those numbers.
I do wonder about Farmer’s decision though, because as I understand it, in FL, they aren’t similarly restricted and could price their policy however they need to balance the numbers. Perhaps PR-wise it’s easier to leave the market than double everyone’s prices. It’s definitely a vicious cycle though, as more insurers leave the market, this risk will get concentrated on fewer and fewer players and their catastrophe models will show their increased risk and so on…
Yet another rich, entitled, white moron with power.
Ugh, I only have one of those qualities. :-(
Sorry, dummy.
i wish whiteness brought us all the riches but it just don’t work enough :(
with that being said these rich entitled morons should be put into FEMA camp staffed by Obama death panels. That election promise was never delivered.
If we say he’s right and just pretend to go along with it, will he dismantle the insurance industry for us?
Fingers crossed he’d give his best attempt
No they’ll just find a way to make it legal to arrest liberals for merely disagreeing with them
The insurance companies and homeowners have now been fully awakened to the impending disasters that will be caused by climate change. Florida is screwed, and they’re getting their wake-up call ahead of most other states.
Fuckin’ woke ass Irma, Michael and Andrew bringing in their other woke ass friend Ian, fuckin’ up the goddamned insurance market!
“FUCK, STUBBED ME TOE! It’s the god damned leftists again!”
-Conservatives
You gotta love how powerful they think we are, despite there being no major left-wing party in the United States.
And no, our Neoliberal party is center-right. Our right-wing party is just straight up fascist.
The US has a conservative party and a reactionary party.
Having both friends and enemies that don’t really exist benefits fascism. That’s why they rail against Jewish neo-marxist pedophile cabals and why they defend the unborn but drop actually children like hot rocks. They don’t care about reality at all, because reality doesn’t serve them. They care about shaping narratives where a powerful enemy is waiting in the wings and you need to give the fascists more power to protect the sweet, delicate babies from the enemy.
If we hadn’t stopped trump from redirecting that hurricane with a sharpie everything would be fine
It’s always adorable at first- when all the right-wing clowns find a new boogeyman to prop up as then next thing to terrify their base. Until they start weaponizing their hate against it, that is.
Then, sadly people die and oppressive laws get made.
Here’s the true wokeness that impacts Florida’s insurance market.
I’m sorry, you seemed to have posted facts. Please be advised that the Florida government is a designated fact-free zone, so those aren’t allowed.
So next target will be NOAA. Those evil “Letter People” are obviously using all of the Jewish Space Lasers to send trans hurricanes to attack Florida.
So he’s saying that insurance companies are putting political ideology ahead of profit. I wonder if those companies’ shareholders agree. I suspect they do not.
It’s pretty on-brand for any insurance company to fiercely reject liberal ideology. I mean, liberals endorse socialized medicine and a wealth tax, which directly threaten the existence of the health insurance sector and threaten record profits across the board for insurance companies.
But, “wokeness” isn’t why their leaving Florida, they’re leaving Florida because the full blown climate crisis caused by the candidates and policies they endorse that has made it impossible to make any meaningful profits in the state.
I guess the ability to assess risk is “woke.”
Capitalism is woke now.
