Odusei@lemmy.world to News@lemmy.world · 2 years agoAAA pulls back from offering insurance in Florida, following Farmerswww.cbsnews.comexternal-linkmessage-square83fedilinkarrow-up1416arrow-down12file-text
arrow-up1414arrow-down1external-linkAAA pulls back from offering insurance in Florida, following Farmerswww.cbsnews.comOdusei@lemmy.world to News@lemmy.world · 2 years agomessage-square83fedilinkfile-text
minus-squaredanhasnolife@lemmy.worldlinkfedilinkarrow-up27·2 years agoInsurance companies are about the purest form of capitalism around. If they aren’t making money, they aren’t going to participate. This is going to be a problem for California, Florida, Louisiana, and places in the Mountain West.
minus-squareMdotaut801@lemmy.worldlinkfedilinkarrow-up7arrow-down1·2 years agoMountain west? Why? I don’t see anything particularly concerning in Utah but maybe I’m not paying enough attention?
minus-squareInternetCitizen2@lemmy.worldlinkfedilinkarrow-up3·2 years agoI think the whole western half of the country is strained for water, so might have to do with that.
minus-squareMdotaut801@lemmy.worldlinkfedilinkarrow-up1·2 years agoAh gotcha. Why would a drought increase my insurance premiums?
Insurance companies are about the purest form of capitalism around. If they aren’t making money, they aren’t going to participate. This is going to be a problem for California, Florida, Louisiana, and places in the Mountain West.
Mountain west? Why? I don’t see anything particularly concerning in Utah but maybe I’m not paying enough attention?
I think the whole western half of the country is strained for water, so might have to do with that.
Ah gotcha. Why would a drought increase my insurance premiums?
It’s probably the fire