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Drudge Retort: The Other Side of the News
Thursday, May 19, 2022

Florida is facing a property insurance crisis so dire that Gov. Ron DeSantis (R) has ordered state lawmakers back into a special session next week to fix it. That's because the Republican-run legislature squandered weeks of the regular session trying to control what teachers and corporations can say and do instead of addressing a mess that alarms millions of Floridians: a meltdown in the home insurance market.

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Of late, Republicans seem to be far more concerned about suppressing those who are not white-Christian, and far less concerned about actually governing to assure the safety and well-being of those within their political realm.

#1 | Posted by LampLighter at 2022-05-19 12:14 PM | Reply

Let's look at what Floridians face: skyrocketing property insurance premiums, up 25 percent from 2020 to 2021 on average, but in some cases tripling in one year, according to the Insurance Information Institute, a nonpartisan, nonprofit trade group that tracks industry trends.

The average cost of homeowner's insurance in Florida was $3,600 in 2021, double the rate for the rest of the country.

That's if you can even get insurance. In the past 12 months, more than 400,000 Florida home policies have been dropped, most of them in the past 90 days, according to the institute.

Why? Because Florida law allows plaintiff lawyers to be awarded 2 to 2 1/2 times their usual hourly rate for property insurance lawsuits. Talk about a plum incentive for lawyers - it gives a whole new meaning to hanging out a shingle.

Florida has 9 percent of the country's property claims, but it accounts for nearly 80 percent of the nation's property insurance lawsuits, according to the Office of Insurance Regulation. Property insurers in Florida paid out $15 billion in claims costs between 2013 and 2020. Eight percent of the money went to consumers, and 71 percent went to lawyers.

The spiraling costs of property insurance have made Florida, one of the most expensive housing markets in the country, even more inaccessible, especially for first-time and middle-class buyers.

Another special session? What does DeSantis think, that Florida taxpayers are made out of money so the Republicans call call sessions whenever they feel like it?

All those who want to see this type of leadership at the federal level raise your hands ... or flip the bird whichever you feel is more appropriate... Looks like the birds have it.

#2 | Posted by tonyroma at 2022-05-19 12:15 PM | Reply | Newsworthy 3

Republican's only interest in government is to control and limit what people can do.

Beyond that, they're just a bunch of libertarians.

No idea how to run a functioning government.

#3 | Posted by ClownShack at 2022-05-19 12:18 PM | Reply

These clowns are too busy answering DeSantis's beck and call for performative politics, i.e., cheap-seat theatrics, to be bothered with actual governance.

#4 | Posted by Doc_Sarvis at 2022-05-19 12:26 PM | Reply

My Florida rental was dropped from our insurance. We had to search for a new provider. The new fire and comprehensive insurance was @ $1000 more than our other insurance. Then after they looked at it we were charged $607 more before they would issue the policy. (around $4000) This does not include any "flood insurance" which is a government program and another $500 or so. There will be a lot of Florida residents who cannot get insurance of any kind. But social issues get vote butts in the seats and money flowing in.

#5 | Posted by randomcanyon at 2022-05-19 03:49 PM | Reply

FLORIDUH!

#6 | Posted by LegallyYourDead at 2022-05-19 04:19 PM | Reply

Why worry about it?

When their negligence causes major problems (ie a major hurricane this season) they'll suddenly find federal dollars palatable enough to demand so they can rebuild their -------- state that they failed to take care of.

#7 | Posted by jpw at 2022-05-19 05:12 PM | Reply

#3 theyre fascist, not libertarians.
libertarians are pro choice and pro immigration.

#8 | Posted by ichiro at 2022-05-19 05:25 PM | Reply

Lots of insurance co's won't touch Florida anymore for a variety of reasons. One that often gets missed, and not talked about, is that 80% of all homeowner's insurance lawsuits in the entire country originate in Florida.

#9 | Posted by Itchy at 2022-05-19 05:31 PM | Reply

"The average cost of homeowner's insurance in Florida was $3,600 in 2021, double the rate for the rest of the country.

That's if you can even get insurance. In the past 12 months, more than 400,000 Florida home policies have been dropped, most of them in the past 90 days, according to the institute."

BWAHAHAHAHAHAHAHA!

#10 | Posted by LegallyYourDead at 2022-05-19 05:42 PM | Reply

This would be a lot more humorous if it were only right wing households feeling the impact.

#11 | Posted by moder8 at 2022-05-19 06:20 PM | Reply

What's the worst that could happen, a residential high rise building falls over?

#12 | Posted by snoofy at 2022-05-19 06:24 PM | Reply

This would be a lot more humorous if it were only right wing households feeling the impact.

Unfortunately it never seems to work that way. When Democrats get their way, the public gets new roads, bridges, updated infrastructure, food, education, access to affordable healthcare services, and extra money for the ever-mounting expense of holding down a household in these turbulent times of pandemic and global economic tumult.

When Republicans get their way, most non-wealthy taxpayers and citizens are usually assured of getting one thing and one thing only: Screwed.

#13 | Posted by tonyroma at 2022-05-19 07:25 PM | Reply | Newsworthy 1

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