this post was submitted on 23 Oct 2023
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The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.

For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.

But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.

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[–] Furbag@lemmy.world 87 points 1 year ago (5 children)

They were laughing at Californians when it was happening to us (very very recently) thinking that it was the result of "liberal policymaking".

Well, how does it feel, Florida? Are you ready to put aside our differences and go after our real common enemy, the for-profit insurance industry and climate deniers? Because I promise you, this is only going to get worse unless we force them to change things.

[–] TechyDad@lemmy.world 28 points 1 year ago (2 children)

I'm sure DeSantis can fix this by just "fighting woke" more, right? /s

[–] rchive@lemm.ee 12 points 1 year ago (2 children)

He probably does think that. He could spin rising premiums as speculation based on climate change belief.

[–] limelight79@lemm.ee 8 points 1 year ago (2 children)

Watch: More legislation on insurance prices in the state.

Or, they could pull a North Carolina and outlaw any discussion of sea level rise.

[–] sukhmel@programming.dev 4 points 1 year ago (1 children)

Seriously, there are places where climate change (discussion) is banned? This is mind blowing

We should just ban it everywhere, and that's it, problem solved 🤦‍♂️

[–] ____@infosec.pub 2 points 1 year ago

Lord, don't even get me started on NC property insurance. Their solution to increasing rates for many years was to mandate that rates couldn't exceed x, based on what they believed was appropriate.

Protip: It wasn't appropriate. I've been out of that game for long enough now that I don't know if they ever fixed it, but it was bad - basically if you couldn't write a policy within x% of the expected rate, the risk had to be ceded to the state's reinsurance facility, which drastically limited the available coverage.

[–] alekwithak@lemmy.world 5 points 1 year ago (1 children)
[–] flerp@lemm.ee 3 points 1 year ago

He can't beat big business. If he tries it will ruin him even more than he is already ruined. Give him all the ideas.

[–] Joker@discuss.tchncs.de 1 points 1 year ago

He will pass a new law allowing him to fire insurance companies’ boards and install his own people. Make America Florida! Yeehaw!

[–] willis936@lemmy.world 19 points 1 year ago

Honestly I'm on team insurance in these cases. The US is filthy rich and we have tons of highly habitable land. Why are we wasting resources subsidizing some people choosing to live in comfortable, risky locations?

For those stuck in poverty: that does suck but I consider that an independent issue.

[–] ours@lemmy.world 12 points 1 year ago (1 children)

Free hand of the market is giving them an invisible bitchslap.

Soon they'll be "free" from insurance.

[–] rchive@lemm.ee 7 points 1 year ago

Good. Subsidizing risky behavior, as we do with some kinds of disaster insurance, encourages risky behavior. Rising insurance costs are the market telling people to stop living in certain places. We'd do well to listen and stop living in places like Florida so much.

[–] superguy@lemm.ee 9 points 1 year ago

Are you ready to put aside our differences and go after our real common enemy, the for-profit insurance industry and climate deniers?

Nah. Republicans never admit when they are wrong.