More insurance companies are fleeing the state because of the growing threat from natural disasters.

More insurance companies are fleeing the state because of the growing threat from natural disasters.

  • dan1101@lemmy.world
    0·
    1 year ago

    Even CBS does clickbait now. First sentence in article:

    AAA will not renew the auto and home insurance policies for some customers in Florida, joining a growing list of insurers dialing back their presence in the Sunshine State amid a growing risk of natural disasters.

    Some customers. Will that be dozens, thousands, millions?

    • Corran1138@lemmy.world
      1·
      1 year ago

      I bet even they don’t know the specific number. But certain conditions like being in a hurricane-prone area or zones not performing the maintenance on structures that help deal with natural disasters would probably cause those people to no longer be insurable as it predictable that they would pay out more money to more people when things go sideways. This is information for their stockholders, so they don’t get sued for not maximizing profit.