Cedar Key Florida

[bluesbassman]

11. The problem is in order for the insurance companies to be even remotely affordable, they have to spread the risk around.

In a normal market it mostly evens out over the long run. But over the last couple of decades we've really seen the effects of climate change accelerate and wreak havoc on coastal and woodland areas susceptible to drought and subsequent wildfire and mudslide activity. This has resulted in catastrophic losses for insurers and they are spreading the costs of those losses liberally among the non-affected policy holders, doubling, tripling, and even quadrupling rates to people that have never even filed a claim! Many are refusing to write new policies in states like California, Florida, and Texas that have seen much of the severe claim activity, and some are just quitting those states all together. It's a huge problem and unfortunately I really don't see it being resolved any time soon.