I am aware that they have a state insurer in Florida. They are going to need it. I can’t see a single private insurance company wanting to touch anything to do with rebuilding in areas affected by this. They know climate change is getting worse, and this is only going to happen soon again.
I believe the state insurer there (Citizens) is undercapitalized. There’s a very good chance that Florida will be forced to collect supplemental assessments from everybody who has any kind of insurance policy there.
I’m surprised there isn’t more movement to just completely ban building in these areas. Getting everyone else to cover the cost of their predictable destruction seems very unfair.
thank goodness it mostly missed the yucatan, my heart goes out to florida tho :(
If its not scary as shit i am gonna laugh my ass off and say these peeps are full of it.