Why are insurance costs the result of the government?
Are you just complaining that the taxpayers in the rest of the country are not subsidizing your insurance costs?
If you want to live where there is a good chance of hurricanes, your insurance should reflect that cost.
Because the state government wouldn't let the insurance companies charge what they wanted to for wind coverage. In their foolish, populist wisdom, the state took over wind risk by instituting an insurance pool. As far as I know, there is no private wind insurance in FL.
Caipirabob merely stated facts. You chose to misinterpret them and jump to conclusions.
Because the 'regulation' of the insurance industry through government agencies it's captured lets it fix prices and prohibit competition.
“Why are insurance costs the result of the government?
Are you just complaining that the taxpayers in the rest of the country are not subsidizing your insurance costs?”
They are the problem of the FLA govt because past commissioners allowed the insurance companies to set up “of Florida” corporations and then plead poor. Taxpayers in the rest of the country are not subsidizing. If they are, its because ins. co’s are ripping them off but the ultimate blame is past Fl govt.
The government regulated the market to the point where it limited viable alternatives and reduced competition. Some of it was in protection of scam artists posing as insurance companies, but truly viable alternatives were driven out of the system as well.