Comments on: Scott, Panel Call For Florida Property Insurance Reform

By: David Huie Green

David Huie Green — Wed, 05 Dec 2012 23:49:10 +0000

CONSIDERING:
“There are a lot of uninsured homes in Florida ”

Of course there are.

Some people choose to not pay for insurance because it is so expensive.

Some homes are so endangered that insurance companies could expect to have to pay to replace them every seven years, so insurance would have to be more than a seventh of replacement cost in hopes of breaking even — which they prefer to not just do, they actually want to make a profit.

Some homes are insured only because the rest of the payers in Florida are footing the real bill for that insurance.

David for free exchange

By: whizdbiz2

whizdbiz2 — Mon, 03 Dec 2012 15:29:30 +0000

Jane, not sure what the connection is between your claim that companies have lots of cash and uninsured homes. Are you advocating a “share the wealth” scheme? Better yet, start your own company and “get rich” yourself!

If you know anything about insurance you know companies have cash to pay claims (see Super Storm Sandy, etc.), especially when the state Governor says to pay claims right away. Got to have the cash on hand to do that. Carolyn is correct, insurance markets work best when government stays out of the picture, Florida has not learned this lesson and until they do, things will not get better there.

By: Jane

Jane — Sun, 02 Dec 2012 12:35:53 +0000

Maybe it is time to look at how high insurance rates have gone and why some people can’t get insurance or can’t afford it. There are a lot of uninsured homes in Florida and the insurance companies seem to have a lot of cash these days…check their balance sheets.

By: Carolyn Bramblett

Carolyn Bramblett — Sat, 01 Dec 2012 11:39:14 +0000

The State needs to get out of the insurance business. That should be between policy writer and policy holder.