Florida did this to themselves by deregulating parts of the insurance industry and making denials easier so that insurance companies would keep insuring places that are most likely to suffer from the effects of global warming and are in high-risk locations that people refuse to leave from.
Turns out Florida basically said “here, we’ll make it so you can keep taking people’s insurance payments and give them the illusion of homeowners insurance, but we will make it so you can easily and regularly deny any actual claims.”
Florida did this to themselves by deregulating parts of the insurance industry and making denials easier so that insurance companies would keep insuring places that are most likely to suffer from the effects of global warming and are in high-risk locations that people refuse to leave from.
Turns out Florida basically said “here, we’ll make it so you can keep taking people’s insurance payments and give them the illusion of homeowners insurance, but we will make it so you can easily and regularly deny any actual claims.”
Classic Florida! 🤣