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Old 02-21-2012, 08:17 AM
 
Location: Ohio
1,217 posts, read 2,827,303 times
Reputation: 2253

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Sarasota Florida News, Sarasota Weather, Sports and Business | Florida Property Insurance Investigation | HeraldTribune.com | Sarasota Herald-Tribune

Really eye-opening investigation of how underfunded many home insurance companies are. If a big hurricane hits people will find out how little money their insurance company has to pay out for their loss.

State Insurance requirements for companies providing home owners insurance should be much higher than they are. Some of these companies are only 1-2 years old with very little capital to pay out in the event of a disaster. No one seems to looking out for the consumer in Florida.

Scroll to the bottom for an interactive feature to compare your current homeowners insurance company to others.

We got dropped by State Farm when they stopped insuring homes in our area.
State of Florida should have told State Farm either leave the state entirely (not allowing them to cherry-pick only high-profit areas) or continue covering everything they used to. Why are they allowed to do this? Big money insurers buy votes and to h**l with the residents. Cherry-picking should NOT BE ALLOWED.
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Old 02-21-2012, 03:34 PM
 
1,002 posts, read 1,194,225 times
Reputation: 1525
Same with the big healthcare insurers. Its all about their profits
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