Article

2023-01-18 Economy

Homeowners in Louisiana are in 'crisis' as more than 20 insurance companies go under or flee the state after string of devastating storms - forcing hundreds of thousands to pay higher premiums or go without coverage

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Skidmark 2023-01-18 00:00|| || Front Page|| [12 views ] Top

#1 Wait for it.
The Government will step in and offer coverage.

The money collected, like Soc. Sec., will eventually end up in the general fund pot. Then gradually the Gov. will demand new homes be built a certain way, using Earth Friendly / Carbon Neutral certain materials.

Posted by NN2N1 2023-01-18 06:31|| 2023-01-18 06:31|| Front Page Top

#2 Well when you get local judges to declare your home wasn't destroyed by the hurricane surge (because you were too cheap to get federal flood insurance) but by the wind, insurance companies have a tendency to close business.

Posted by Procopius2k 2023-01-18 06:54|| 2023-01-18 06:54|| Front Page Top

#3 If you like your home insurance, you get to keep it.

Posted by Super Hose 2023-01-18 09:14|| 2023-01-18 09:14|| Front Page Top

#4 I used to work for an insurance company before I retired. Insurance companies are NOT charities. They have teams actuaries whose job it is to figure out the risk of certain claims. That is what they use to figure out the rates.

Posted by Rambler in Virginia 2023-01-18 09:17|| 2023-01-18 09:17|| Front Page Top

#5 They have teams actuaries whose job it is to figure out the risk of certain claims.

And teams of lawyers to write fine print to exclude paying on as many claims as possible.

Posted by M. Murcek 2023-01-18 10:18|| 2023-01-18 10:18|| Front Page Top

#6 ..which is why states have public commissions that can revoke doing business in the state if companies play that sort of game, unless the commissioned has been 'captured' with the aid of pols in the statehouse and the governor.

Posted by Procopius2k 2023-01-18 11:21|| 2023-01-18 11:21|| Front Page Top

#7 Sure this is somehow Bush's fault.

Posted by swksvolFF 2023-01-18 11:35|| 2023-01-18 11:35|| Front Page Top

#8 states have public [insurance] commissions

Yes, and they all make sure insurance companies are among the biggest piggy banks that politicians at the state level can tap.

Posted by M. Murcek 2023-01-18 11:40|| 2023-01-18 11:40|| Front Page Top

#9 'Sure this is somehow ~~Bush~~ Trump's fault.'

Posted by Mullah Richard 2023-01-18 14:46|| 2023-01-18 14:46|| Front Page Top

#10 ...are among the biggest piggy banks that politicians at the state level can tap.

...along with those limited alcohol and spirit licenses holders in supporting our state pols.

Posted by Procopius2k 2023-01-18 16:50|| 2023-01-18 16:50|| Front Page Top

23:59 Elmang Cliter7017
23:48 trailing wife
23:21 Percy Flotle3938
23:07 Super Hose
22:58 Super Hose
22:26 Super Hose
22:18 Skidmark
22:13 Super Hose
22:10 Super Hose
21:57 trailing wife
21:51 trailing wife
21:37 trailing wife
21:15 magpie
20:54 trailing wife
20:38 trailing wife
20:09 M. Murcek
19:59 SteveS
19:38 magpie
19:34 DooDahMan
19:31 ed in texas
19:27 Frank G
19:26 Beavis
19:26 Frank G
19:23 ed in texas