• 0110010001100010@lemmy.world
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    5 months ago

    How many insurance companies are actually left in Florida? I thought a good percentage of them have pulled out of the state entirely citing climate change. I know the premiums offered by the remaining companies have to be insane and it’s not going to get any better.

    • Tar_Alcaran@sh.itjust.works
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      5 months ago

      Massive flooding of whole cities is simply not an insurable thing. Not even with all the reinsurers in the world can you pay out a city of millions. Most sane countries don’t even try.

      I live about 5m under sea level. Should de dikes breach and my polder flood (and I don’t die horribly), the insurance company pays fuck all. The Dutch state has a giant mountain of cash sitting by for cases like that.

      Of course, handing DeSantis a giant pile of emergency cash would just mean it instantly gets turned into bribes, so that wouldn’t work for Florida.

      • FuglyDuck@lemmy.world
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        5 months ago

        Fun fact, the biggest point in Florida is currently 345 feet above sealevel. (it’s somewhere near the ballsack.)

        The average is like 100

        It’s a very bad state to ignore climate change in.

        (Edit fixed the stats.)

    • brbposting@sh.itjust.works
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      5 months ago

      And the fraud was off the charts too. Roofers going door to door offering free roofs: “oh we can put in a claim…”