AAA pulls back from offering insurance in Florida, following Farmers - eviltoast
More insurance companies are fleeing the state because of the growing threat from natural disasters.

More insurance companies are fleeing the state because of the growing threat from natural disasters.

  • InternetCitizen2@lemmy.world
    1·
    1 year ago

    florida as people are stuck holding mortgages for condemned and washed away houses.

    I mean what is the issue with just not paying them? For a big enough hurricane there will be too many delinquent mortgages, so it might be easy to hide or just tell the bank that the free market is harsh mistress and sucks their risk didn’t pay off.