Quote:
Originally Posted by dewilson58
Bottomline, don't you think it's mounting losses & portfolio diversification??
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Absolutely, portfolio diversification and tropical storm risk are out of both the hands of the insurers and regulators. The key question is what other controllable factors (roofing scams, tort reform, etc…) are contributing to mounting losses that could be addressed? Every time another insurer pulls out of the market, portfolio diversification becomes a bigger problem for the remaining companies in the market. Something needs to be done to prevent more insurers from leaving the state, and ideally something meaningful enough to get other companies to want to again start writing policies in the sunshine state.