Economy Florida's homeowner's insurance rate is 3 times national average. DeSantis policies blamed.

MicroBrew

MicroBrew

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- Some of you (i.e. those on the right) will dismiss the criticism that policies from the DeSantis admin are partly responsible for Florida's abnormally high insurance premiums because the study was done by the American Teacher's Federation
- The union found that homeowner insurance in Fl is 3 times the national average

The role of political contributions raises some eyebrows. It's been reported that Gov. Ron DeSantis and his associated political committee have received nearly $4 million from insurance industry stakeholders, according to the AFT. This figure balloons to nearly $10 million when contributions to the Republican Party of Florida are accounted for. The alignment between these donations and policies that seemingly favor insurers over homeowners has led many to question the motivations behind the administration's actions.

https://www.yahoo.com/finance/news/ron-desantis-called-floridas-severe-224147956.html
 
MicroBrew said:
- Some of you (i.e. those on the right) will dismiss the criticism that policies from the DeSantis admin are partly responsible for Florida's abnormally high insurance premiums because the study was done by the American Teacher's Federation
Click to expand...

Nah not me. His biggest failure in FL imo is right there.
 
Unless I am mistaken they also have the most hurricanes and tropical storms.
I imagine tornado Alley also has above average insurance costs.

I didn't read the article but outside of any political policy these alone would have higher costs that companies have previously shown they will not absorb. They may simply just not cover that state/area, if forced to provide at a price that they know will cause them to lose money every year it is not feasible to stay in business.
 
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The trend for escalating home insurance rates has been going on for a while.
Not sure how you can directly blame Desantis policy for that. I mean Florida is in a hurricane belt and re-building the same structure just to be prone to a repeat claim has the insurance companies leaving in mass.
 
I think Florida is a fascist cesspool with the most evil people per capita of anywhere in the world but we all know exactly why their homeowners insurance is so high. Its because actuaries actually believe in climate change.
 
This claim seems a little light on specifics. I'm no fan of Desantis, but honestly homeowners insurance in Florida is a bargain. It should be higher.

They're building on land that they know for a fact will be physically under water before a 30 year mortgage is paid off. That's before you even factor in hurricanes, meth lab explosions, toxic reservoirs leaking, and squatters. Florida is the closest thing this country has to real life GTA.
 
Florida is high risk. I'm nut surprised that insurance rates and insurance companies want some way to manage those potential expenses.
 
Dont miss the point here:

"It's been reported that Gov. Ron DeSantis and his associated political committee have received nearly $4 million from insurance industry stakeholders, according to the AFT. This figure balloons to nearly $10 million when contributions to the Republican Party of Florida are accounted for. "
 
Belaya Smert said:
The trend for escalating home insurance rates has been going on for a while.
Not sure how you can directly blame Desantis policy for that. I mean Florida is in a hurricane belt and re-building the same structure just to be prone to a repeat claim has the insurance companies leaving in mass.
Click to expand...

His policies blatantly favor corporations, which means the price gouging is worse. This is well-documented
 
MicroBrew said:
- Some of you (i.e. those on the right) will dismiss the criticism that policies from the DeSantis admin are partly responsible for Florida's abnormally high insurance premiums because the study was done by the American Teacher's Federation
- The union found that homeowner insurance in Fl is 3 times the national average

The role of political contributions raises some eyebrows. It's been reported that Gov. Ron DeSantis and his associated political committee have received nearly $4 million from insurance industry stakeholders, according to the AFT. This figure balloons to nearly $10 million when contributions to the Republican Party of Florida are accounted for. The alignment between these donations and policies that seemingly favor insurers over homeowners has led many to question the motivations behind the administration's actions.

https://www.yahoo.com/finance/news/ron-desantis-called-floridas-severe-224147956.html
Click to expand...

Probably wants to turn Florida into a retirement community so the old buggers can vote Republican until they die, gradually gentrifying the state and pushing out the Latino community.
 
Sinister said:
His policies blatantly favor corporations, which means the price gouging is worse. This is well-documented
Click to expand...

How is this effecting the payouts from insurance companies, though?
Not a good business model when you have to rebuild just to put the structure in a place prone to repeat claims. Everyones rates go up then.
 
Belaya Smert said:
How is this effecting the payouts from insurance companies, though?
Not a good business model when you have to rebuild just to put the structure in a place prone to repeat claims. Everyones rates go up then.
Click to expand...

I was in Hurricane Andrew in 1992. Home was absolutely destroyed. If you dont want to pay people for the policies they bought then you're just admitting insurance is a scam. Thus, any place with laws that favors that scam is allowing for exploitation. After Andrew Florida's homeless population exploded not merely because people lost everything, but also because rather than pay out the claims, insurance companies declared bankruptcy and fled...with no legal recourse. From what I understand it's still like that. My family ONLY recovered because of FEMA money.

There could be many protection laws for policyholders that keep giant insurers who have PLENTY of capital initially from robbing, from fleeing when they need what they paid for. States could have insurers certify and guarantee their means of paying policies if there is a run because of disaster same as Eloy legally had to substantiate he had the finances to purchase Twitter, and that because of his mouth he HAD to buy it after he made certain statements. He would been forced to in Court had he not conceded beforehand.

But DeSantis doesnt give a single sh*t about homeowners as opposed to moneyed interests.
 
ShadowRun said:
I didn’t know DeSantis can control the weather. TS amazing research, this thread has been done before btw
Click to expand...
Article I posted in the O.P. is new.
DeSantis can do something to lower insurance premiums. He is spending money sending weapons to Israel, the least he can do is try and help out Floridians.

From the link in the article in my O.P.
https://www.wusf.org/politics-issue...florida-has-highest-home-insurance-rate-in-us

Former President Donald Trump, the early front-runner in the Republican presidential primary fight, suggested DeSantis should spend less time campaigning and more time lowering homeowners’ insurance bills.

"We want him to get home and take care of insurance, because you have the highest insurance in the nation," Trump said at the Turning Point Action conference, a Republican gathering in West Palm Beach.
 
florida is an incredibly dangerous state. it is full of floridamen.

seems like sound underwriting to me.
 
  • The article is light on specifics. What policies from DeSantis are effecting the insurance rates? What did previous Florida governors do that was so much better with regards to insurance rates?
Also, why are teacher unions studying this?
 
I had no idea that banning teachers from playing porn videos in kindergarten would have such a dramatic effect on homeowners insurance.
 
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