[entropy12]

But this is from NewsWeak.

[nwrep]

Ron has an ugly face and an ugly haircut. His wife is a beauty though. Happy Independence Day.

[cowboyusa]

Trump going all in on the Culture War, and becoming Trump 2.0 cuts off a key DeSantis argument.

[Alberta's Child]

My impression is that a lot of people think highly of DeSantis until the first time they hear one of his campaign speeches.

[tired&retired]

He needs an accusation of an extra marital affair like Bill Clinton to boost his popularity./s

[ifinnegan]

He lost support by running.

His career is over.

[Wuli]

Why is Newsweak intersted in helping to diminish the DeSantis campaign. I think no matter how popular Trump is in the GOP, the DNC is hoping for a repeat of 2020 - Trump in legal trouble, Biden hiding in the basement, mainstream media barely covering Biden and mainstream media keeping Trumps legal troubles alive 24/7/365. In that strategy the DNC thinks the Dims and the independents will hold their noses and vote for Biden.

[Preachin']

DeSantis acted on bad advice. He should have waited until 2028.

[Macoozie]

“They” took him out.
Deep State needed to make sure their true target, our PDJT The GOAT, draws all the oxygen in the room and clears the field before they take him out.
The McRomBushies had no intention of winning, there just along for the grift.

Nimrata & Vivek aren’t Natural Born so they are out. Guess what? Florida Man ain’t neither.

Guess it’s just the LardArse from New Jersey left to pester and grasp at straws.

[Archie Bunker on steroids]

The deep state is destroying someone who has a chance. All the trump supporters are doing their bidding

[fhayek]

2028

[usafa92]

It’s obvious Rob never really wanted to run, but he allowed himself to be seduced by he GOPe into running and he’s destroyed his career in the process.

[libh8er]

Some gall to think he could beat Trump in a GOP primary. But not just about his ability to beat Trump; this ingrate wants to beat the very person who made him a somebody out of a nobody.

[Jonty30]

He didn’t count the costs of trying to be President. I would have gone back to the Senate to try and build a national profile before running for the President.

[lurk]

Does all of this seem weird?

He’s been an ace of a governor, but his campaign is built like a Chrysler product with a rebuilt title.

[Recovering_Democrat]

Newsweek cares about Republicans.

[Bratch]

He might be trying to get out of Dodge before the posse arrives.

*****

Reinsurance Rates for Catastrophic Coverage Jump as High as 50% to Insurance Companies Effective July 1st

July 3, 2023 | Sundance | 236 Comments

As if carrying Homeowners insurance in California and Florida wasn’t already subject to ridiculous increases in premiums, things are about to get a lot worse.

Effective with the July 1st notification, Reinsurance rates, these are companies who insure the insurance companies, are telling their clients there will be up to a 50% increase in cost for underwriting catastrophic coverage.  Perhaps claims in the past few years have been higher; however, I suspect the issue amid the reinsurers is partly connected to the issue that surrounds banks and bond rates.

Back when interest rates were near zero, banks and reinsurers likely scooped up lots of Treasuries and bonds. As the Federal Reserve hikes rates those bonds have declined in value. When interest rates rise, newly issued bonds start paying higher returns to investors, which makes the older bonds with lower rates less attractive/valuable. The result is that most banks, and I suspect big reinsurance houses, have some amount of unrealized losses on their books.

Whatever the reason, the big reinsurance companies are now telling the insurance carriers their catastrophe rates are going up as high as 50%.  Those insurance companies will then pass those rate hikes to the individual policy holders for commercial buildings, residential homes, cars, RV’s etc.  Bottom line, homeowner insurance rates are about to go up again with policy renewals, especially in Florida and California.

LONDON, July 3 (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes.

Reinsurers insure insurance companies, and have been raising rates in recent years because of steepening losses, which industry players put down in part to the impact of climate change. Higher reinsurance rates can affect the premiums which insurers charge to their customers.

U.S. reinsurance rates for policies which previously faced claims for natural catastrophes rose 30-50%, Gallagher Re said.

Reinsurance rates for similar policies in Florida rose 30-40%, the broker added.

Some insurance firms have pulled out because of the risk of heavy losses. State Farm said in May it would stop selling new insurance policies to homeowners in California.

In Florida, “all the major carriers (insurers) left and so you ended up with this market which is populated by a large number of very small, very thinly capitalised insurers which is exactly what you don’t want,” James Vickers, chairman international, reinsurance, at Gallagher Re told Reuters. (keep reading)

In Florida specifically, homeowners insurance costs have now generally risen higher than the mortgage payment for a middle-class family.  This is not sustainable.

Not Good !

[wildcard_redneck]

What? The establishment meat puppet is tanking? Maybe the Bushes or the Cheneys can campaign for him.

[DallasBiff]

DeSantis sounds exactly like the Rabbi on Seinfeld.

[nfldgirl]

IMHO, should have stayed governor for the full second term and then a hopeful for 2028. But as it is now, IMHO, he has destroyed his political future.

[unclebankster]

Crash & Burn doesn’t even come close to describing how pathetic the DeSantis campaign has been so far.

The Florida kid better get moving in the right direction or other candidates will start making inroads.