There’s a high-cost state-run insurer of last resort (Citizens Property Insurance Corporation) which is still in operation. The right set of storms could break that.
It won’t even need a big set of storns. It will just need the constant slightly elevated and worsening conditions we’ve been seeing, with more frequent major events. A failure of attrition , literally and figuratively.
There’s a high-cost state-run insurer of last resort (Citizens Property Insurance Corporation) which is still in operation. The right set of storms could break that.
If it’s anything like my state they are carrying way too many people and it’s just a ticking time bomb.
It won’t even need a big set of storns. It will just need the constant slightly elevated and worsening conditions we’ve been seeing, with more frequent major events. A failure of attrition , literally and figuratively.
Then they might just be counting on FEMA and other federal aid to bail them out. They might even try holding themselves hostage at some point.