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View Diary: Go home, Rick Perry (194 comments)

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  •  and this "gem" is also courtesy of the gov: (2+ / 0-)
    Recommended by:
    Eyesbright, OhioNatureMom

    tho, he's trying to back-peddal away from it as fast as he can.

    •  Remember that the war against Citizens is RW BS (2+ / 0-)
      Recommended by:
      OhioNatureMom, bluezen

      Citizens has problems, but the war against Citizens is a war against insurance regulation and an attempt to keep them as small as possible. Allstate will not sell property insurance to people for as little as Citizens does. When people are forced to stop buying from Citizens, they will not find someone who will do a better job for less or even as good a job for the same price.

      Part of the problem is just that Florida is a high-risk state. State Farm sells nearly a billion dollars' worth of homeowners insurance in Florida through a special insurance company, State Farm Florida Ins. Co., that writes  only in Florida so the rest of the company isn't endangered by any catastrophes in Florida. If State Farm Fla. isn't allowed to charge enough to match the expected risk, its bankruptcy would only hurt Floridians.

      There are too many buildings in high risk areas along the coast and we don't really know how much better the building standards are since the rules were improved. Sure, we haven't seen anything quite like Andrew in Florida for a couple of decades, but nothing Carl Hiaasen has written since then persuades me that we can trust developers to do more than required to keep the buildings safe in a CAT 4.

      Americans can make our country better.

      by freelunch on Sun Feb 17, 2013 at 06:20:18 PM PST

      [ Parent ]

      •  i don't pretend to know a lot about insurance, but (0+ / 0-)

        it seems to me, the entire idea upon which the industry is based is risk. if players in the industry don't want to pay out when policy owners incur risks for which they have taken out insurance policies against, then those players should get out of the business.

        if a company refuses to insure homeowners in fla, it shouldn't be allowed to do business in the state. period. no auto policies, no boats, planes, or anything else it's been allowed to insure in the past.

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