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When the beancounters take action, it is time to get worried.

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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 02:45 PM
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When the beancounters take action, it is time to get worried.
"More insurers backing away from coasts
By Bruce Mohl, Globe Staff | October 14, 2007

The hurricane anxiety of home insurance companies is starting to spread beyond Cape Cod and southeastern Massachusetts, creeping northward along the coast to Boston and the North Shore.

The level of angst is nothing like it is on the Cape, where many insurers have either pulled out or sharply restricted their underwriting in coastal areas, forcing more than 40,000 homeowners to scramble for coverage.

But some insurers are now retrenching along the entire Massachusetts coast, even in areas that are not considered likely targets for a hurricane's full brunt.

Maxine Tassinari Teixeira is one of the latest victims. She can't see the ocean from her East Boston home, but her insurer decided it didn't want to provide coverage within three miles of the coast, so it wouldn't renew her policy.
http://www.boston.com/business/personalfinance/articles/2007/10/14/more_insurers_backing_away_from_coasts/

Obviously the insurance industry has been infiltrated by leftwing tree-huggers.
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glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 03:05 PM
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1. No the insurance co. were allowed to get away with a lot of shit after
2004 and 2005. They have powerful lobbying forces for politicians. They do not want to pay out. They want their stockholders to be happy. Look how much money they have made with 2 years of low activity and higher premiums. Home and Auto insurance is as predatory as Health insurance. When people start realizing that their pursuit of life and happiness is a mandatory directive of the govt to ensure that its citizens enjoy a healthy and inhabited life, then we will have home, auto, and health funds that are not making a profit off our tangible lives.
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