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   Another Linux Walt Alt (lnxw37b2@shitposter.world)'s status on Saturday, 11-Jan-2025 04:40:51 JST Another Linux Walt Alt

   • lainy
   • Terry Hendrix II 🏹
   • feld
   @thendrix @feld @lain
   
   > used regulation to ensure they'd push private insurance out of the market
   
   Do you have a source?
   
   This "you're too risky for us" typically happens after a large disastrous event. Some time in the past 2-3 years, I'm sure the same thing happened in Florida, but I don't know whether there's a state program to step in there.
   • Embed this notice
     feld (feld@friedcheese.us)'s status on Saturday, 11-Jan-2025 04:57:56 JST feld

     in reply to

     • lainy
     • Terry Hendrix II 🏹
     @lnxw37b2 @lain @thendrix Yes the Florida state program is called Citizens Insurance and had to cover people who were dropped within the last 3 years. It was all over the news when I was living in Miami. The state had a big problem because the program was only allowed to cover properties up to $700k in value but most properties dropped by insurers was worth more, so they had to expand the coverage.
     
     https://www.wcjb.com/2024/02/13/bill-approved-allowing-residents-with-homes-valued-over-700-thousand-get-coverage-citizens-property-insurance-corporation/