The Forum > General Discussion > Citing climate change risks, U.S. Insurer Farmers is latest insurer to exit Florida
Citing climate change risks, U.S. Insurer Farmers is latest insurer to exit Florida
- Pages:
-
- 1
- Page 2
- 3
-
- All
Posted by Foxy, Thursday, 27 July 2023 1:34:29 PM
| |
Hello Foxy,
Interestingly, Florida Republican Gov. Ron DeSantis passed a law in May this year that aims to hold property insurance companies more accountable for claims-handling practices by requiring more transparency with their processes, increasing fines for violating laws, and giving the state’s regulatory bodies additional powers to investigate allegations of bad behaviour in a market that has been teetering toward collapse for years. This is the same Ron DeSantis who champions small government and cutting of "red tape". Truly ironic. Watchdog organisations and critics said the industry’s lobbyists and political donations have strongly influenced past legislation and lax oversight by state regulators. Even Republicans are starting to realise that they are just patsies in a game where they thought that they made the rules. Posted by WTF? - Not Again, Thursday, 27 July 2023 1:39:11 PM
| |
Dear WTF?,
People in Florida are struggling to insure their properties. Despite repeated efforts by the state legislators and the Republican Governor Ron DeSantis to try to calm the volatile market that's making things less affordable. Now back to Australia. The following link explains how the return of indigenous farming could help regenerate Australia: http://wwf.org.au/news/2021/return-of-indigenous-farming-foods-fire-could-help-regenerate-australia/ Posted by Foxy, Thursday, 27 July 2023 1:53:29 PM
| |
Hello Foxy,
Somehow I think that more and more farms with embrace Artificial Intelligence as a means to improve production. Unfortunately, I think that farming, and as a result our food choices, will become much more generic. I have a fear that Indigenous input into farming will only become a curiosity in the future catering for a niche market only. Posted by WTF? - Not Again, Thursday, 27 July 2023 2:08:30 PM
| |
Dear WTF?,
I suspect you're probably right. Still, I guess miracles don't happen over night and where there's hope - sometimes things do happen. Posted by Foxy, Thursday, 27 July 2023 2:22:41 PM
| |
" Farmers Insurance has become the
latest insurer to pull out of Florida. " Not quite. They operate under various names and have withdrawn one of those companies within its group. In effect, they have withdrawn 30% of their business. The other 70% remains in place. So are they only 30% sure that the dreaded hurricanes are going to destroy their business? I remember back in the 2000s that a German insurer Munich Re, announced that climate change (it was called global warming back then) would destroy the insurance business. Then the so-called climate pause happened, or more exactly, was finally accepted as a fact, and Munich Re was forced to admit they had no real evidence to justify their original claims. Posted by mhaze, Thursday, 27 July 2023 2:48:01 PM
|
I wonder if in Australia our farmers could learn
from our First Nations people what they need to
do for farm sustainability?
Just a thought.