Happy 21st Day Of May!

[cd34]

Originally Posted by Simon

Cleo - a friend of mine is so pissed at the 400% rise in his rates that he swears that this time he's going to set his house on fire as the hurricane comes ashore... since that's covered by his normal insurance.

What concerns me is that they get the 400% rise in rates, we have no hurricane for 3 years, they keep the money and show their 20% ROI and the state allows them to keep it.

We're facing a 70% rise here, but, I get the feeling the insurance companies are going to have to do some fast dancing to keep the rates that high. I did notice big oil got socked with a $10 billion hit on their tax exemptions. That will have some creative spin put on it I am sure.

We do live in interesting times.