Thinking about this as an outsider, I'd think the state government should be more worried about:
1. Are the private companies charging ENOUGH, and
2. Is the kitty BIG ENOUGH
to Pay for the damages when "THe Big One" hits, or a steady succession of
"pretty big ones" hit?
The fact that the parent companies are making money overall, on things like auto, life, and home-owners insurance in other areas, does not mean to me they should be obligated to take the huge risk they can't pay for in the Hurricane Zones.
In all fairness, and believe me, I am no lover of insurance companies, can you imagine the outcry when/if the BIG ONE hit and the companies couldn't pay off after taking your premiums?
You guys can look at this in one of two ways:
The insurance companies are lying to me. They just want to gouge me for more money. The politician is my friend. He's being honest.
or
Insurance Companies wouldn't walk away from a fair profit. The politicians are making promises they can't keep.
Now there's a nice choice. Trust insurance companies? or politicians?
Yikes, that's the stuff nightmares are made of, which is, of course, what this is.
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