There was some survey that had FL #1 in education which is of course completely laughable. FL does surely have a solid economy, not sure what metrics get to #1, but FL strength has to do with continual flow of snowbirds and tourism that’s been going on for decades. Continual opportunities in building trades (interrupted only by the housing collapse of ‘07), and lots of low skilled service jobs to keep people employed. That is what separates FL from other Deep South states, and it will continue until it doesn’t.
get ready for the development and construction industry to hit a wall. All permits to federally regulated wetlands stopped around 3 months ago and are now being reapplied for. Billions and billions in construction that was scheduled to start 3rd and 4th quarter 2024 is now on hold. In 6 - 9 months that will ripple through the trades as the finished lots will not be there to build on. This impacts any and every public and private project that requires a permit for federal wetland impacts and will create a 6 - 12 month backlog where lots of people are going to be scrambling for work. Large heavy earth contractors will be hit first but all industries related to new construction will be impacted by this as it rolls through over the next year. All because Desi and the gang tried to do it their way with no consideration for the way the protected species act is written.
Not a hater, I just prefer to look at real measures - like GDP, where FL still does quite well for the exact reasons I stated. FL was #1 in GDP growth in 2022 and #5 in 2023. GDP Growth by State 2023 - Wisevoter
I love it. "Conservatives" begging for government to subsidize their insurance. Bunch of welfare queens! I guess openly embracing hypocrisy is now required for the political true believer, because there's no way to lower insurance rates (free markets?) without either direct subsidies to homeowners or guarantees to cover the losses (Subsidies) for the insurers. But, yeah, why don't you go start a thread about your outrage over the existence of food stamps. Hypocrites!
WRONG AGAIN LIBERAL. I want more companies and more competition to lower prices, that's what I mean when I say DeSantis should do something about these prices.
Those companies have no interest because THE RISK IS TOO HIGH!!! Dude, are you mentally challenged or something? They're being asked to ASSUME MORE RISK. Insurance companies, if you didn't know, MANAGE RISK. The reason they aren't here is because the prices they would have to charge wouldn't even be worth offering, especially in a market ALREADY SUBSIDIZED by. . . . (drum roll!!!) THE GOVERNMENT! You know what he's going to do? Offer to have GOVERNMENT cover their losses past a certain point. So, what were you saying again COMMIE?
More competition lowers prices for the consumers... But if I were the Governor I would force these insurance clowns to charge more for the people in flood prone areas (on the shoreline/coastal waters) so that the rest of us do NOT have to compensate for those that get off easy on insurance. Low laying areas should have to pay their fair share for building on low laying areas. This spreading the burden of insurance costs is a scam.
Competition lowers profit margins and increases innovation. Insurance already works on low margins, and I'm not sure what innovation in insurance lowers prices. Low lying areas pay for flood insurance. That is a separate insurance. Homeowners is about wind, fire, and other forms of damage. Not sure that being in a flood prone area increases risk all that much of fire and wind.
Well Florida's going to get wrecked by a massive hurricane in the next year or 2. When that happens your insurance rates will go to 0 because you won't be able to get insurance. But your taxes will go up a lot to pay for the damage that the insurance won't pay for anymore.
The government FORCING companies who don’t do business here or are bailing out, to charge more money to their prospective customers. Brilliant.
There has to be fairness in who pays how mcuh for insurance, and if you own land on the beach, on the shoreline, you should pay more than people that live inland.
Where you live is absolutely factored into the premiums. If you live near the beach, your premiums are higher than those that live inland. Insurance costs are really difficult to compare to normal businesses because the entire industry is priced based on risk. Demand helps spread the risk, for sure, but the insurer is designing insurance that takes in premiums that exceed their overall risk of indemnification. And that risk is spread to reinsurance on multiple layers. The problem with Florida insurance is obvious — climate change has substantially increased the risk of catastrophe. Companies have decided that there is literally too much risk to wire insurance in Florida, and so they want to leave. Florida’s government can do only so much to require insurers to write policies here. Perhaps the Government could increase its subsidies of the companies, but what else can they do, short of what it already does (like requiring the insurers who write more profitable insurance ( automobile policies) to also write home insurance)? There’s no easy answers that I know of.
