The decision was “necessary to effectively manage risk exposure,” the company said.

The decision was “necessary to effectively manage risk exposure,” the company said.

  • @DannyMac
    7•1 year ago

    Huh, it’s almost like for-profit insurance companies shouldn’t be a thing…

    • neuropean
      15•1 year ago

      On the other hand, maybe we should rebuilding in places with catastrophic disasters on an annual basis. How long should we keep doing the same thing expecting different results?

      • @[email protected]
        11•1 year ago

        It’s hard to stomach bailing out people and parts of the country for events caused by a process they actively deny and lie about.

    • paper_clip
      13•1 year ago

      Florida actually has a state sponsored home owners insurance.

      https://www.citizensfla.com/who-we-are

      This was after private insurers started bailing out in the early 2000s when it became clear how ridiculously expensive it would be to provide hurricane insurance there.

      • @dynamojoe
        4•1 year ago

        I’m on Citizens. Every year I get a letter telling me they have the legal right to sell my policy if they find a comparable one in the private sector within 20% of what I’m paying. Every year they fail to find one. The best thing about Citizen’s is that they can’t leave the state.