The funny little deal with insurance is also that the large carriers (who really no longer write policies in Florida) set up 'Florida operations' technically independent of the parent companies right after Hurricane Andrew.
So, while say Allstate paid out claims in 1992 for Andrew, only Allstate's 'Florida operation' had to pay out in 2004 for Charley. The risk for Allstate was just spread over Florida, not over the entire country. Thus, these companies which haven't had a new hurricane claim to pay since Wilma hit in 2005 are boosting the rate unabashedly at 35% a year or bumping out of Florida altogether.
Now, in something like 38 of the 50 states, if you write auto policies, you have to also write homeowners policies. Alas, Florida is not one.
Oh, Florida's the only state with Billion Dollar disasters? Hurricanes are the only disasters that get paid out across this fair land?
No way...
http://www.ncdc.noaa.gov/img/reports/bi ... on2008.pdf
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