Florida peeps. Prepare for this storm!

[BigRedChief]

Originally Posted by Bearcat

Insurance companies don't make money on their business, they make money by investing.... so of course they aren't making money right now, because nobody is making money investing right now.

As opposed to say a few years ago when they made nine billion dollars in profit. Hopefully they stuffed some under the mattress, poor guys.

Insurance companies should be non-profit, then even though they'd still pay their top leadership $20 million a year and spend a billion dollars on advertising, at least it wouldn't be such a scam for the vast majority of people who either don't file claims or have to fight tooth and nail when they actually need a little of the money back.

Which in turn puts the tornado, hurricane, wildfire, earthquake home owners against each other. Ohhh we are poor. We lay out too much money.

I gave you my premium numbers above. The maximum if I somehow actually got the money from the insurance company is $200K even though its worth 4X that amount. Just in premiums, I'd pay that $200K off in 25 years. Without rates going up.

In all of the 150 years of hurricane recorded history, a cat 2 or above hurricane has never hit this area. Theoretically, the insurance could have covered the total losses on my property 10.5 times.