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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.
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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.