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H.J. Huneycutt » Comments » AIB

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    My thoughts on TCHC are similar to socphd71. Almost all the major insurers have fled Florida for a reason --- it wasn't worth it. The state of Florida itself was just one big hurricane away from bankruptcy because of that fund.

    Not sure why TCHC will succeed where everyone else has run away. Realistically speaking, they are going to have to charge absurd premiums to be adequately funded. And the general consensus is that Floridians don't think they should have to pay such absurd premiums. Something's got to give eventually. Maybe that something could be that Floridians decided to pay in, but I kinda doubt it.

    More likely --- Floridians wait till the next big hurricane and a population shift away from Florida begins to develop. But maybe I'm wrong. Either way, I'm not betting on anyone who is primarily insuring Florida.
    Jan 12 02:53 am |Rating: +3 -1 |Link to Comment
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