07.09.06

Florida’s Homeowner Insurance Crisis

Posted in Current Events, Economics and Geopolitics at 11:23 pm by Jeff

The Tampa Tribune/TBO continues to run letters from homeowners either being priced out of the insurance market, or unable to find insurance, period. Meanwhile, this St. Pete Times editorial interestingly comments that “government is seldom blamed for the problem”. Perhaps if there were LESS government regulation, insurers would’t be forced to, for example, cover high-risk homes (due to proscription of “redlining”, which would allow insurance companies to deny coverage to such homes, while providing coverage to lower-risk homes in the same zone). Oh, but we wouldn’t want Citizens or FEMA to get out of the insurance business now, would we?

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