That sound you can hear is a choir of tightening sphincters belonging to the board of Citizens Property Insurance Corporation.
They're the Florida-government-owned, not-for-profit insurer-of-last-resort for property.
They're the ones about to see huge claims as increasingly frequent and extreme events caused by climate change start to bite economically for many who deny climate change is real.
@Agatha @stuartblair I heard from my insurance agent that the company I used to work for completely dropped their home and auto lines recentlyโฆand this was a midwestern company! He said it was a shock to them. All home & auto policies through that company were non-renewed. He said agents were scrambling that had lots of policies with that company.
That's happening constantly here. I've had 4 or so insurance companies in 7 years. They keep quiting the state, which means those that do stay have very high priced plans and are VERY picky about roof, siding, even small amounts of leaves in gutters - everything.
@Agatha @stuartblair ๐ฎ๐ข
@stuartblair
I feel sorry for those with no choice but to live there (mainly those who can't afford to uproot).