Hurricane Ian damages could be too much for some Florida insurance companies, says analyst

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Insurance losses $40 Billion, just imagine if they actually counted total Economic Losses like Uninsured losses and Productivity losses. Ian has to be a $100 Billion Event.

bargdaffy
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It's only too much for insurance companies when they're not making their lofty profits...

PapichuloWE
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Many homeowners will be stucked with their houses when they become uninsurable.

tuannguyen-zklv
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Insurance is a contingency that has been debated tirelessly because the cheap frugal people feel it’s a waste of money, but it saves one from a lifetime of feeling stupid for when one really needs it and it’s there.

pahanin
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With insurance compa ira having to sell investments to pay the claims, it means more market downside, both stocks and bonds (unless the Fed starts buying again soon )

libertysprings
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You talking just about how much the the insurance got to pay for the to fix all this problem but you don't say how much this insurance company been making money for all these years will no damage

LessExpensivefix
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Yes Florida is done. Thank you Mr. President for supporting this.

ジョンです-ub
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If you live in Florida near water and you don't have flood insurance shame on you. That is your fault and you should not be bailed out. I live in Louisiana near water and pay for flood insurance. It should be mandatory.

dcal
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Only in American news would you read a headline such as this. "Could be too much for insurance companies"? Phuck em, people who have them paid money for the cover, can't now be worried on their behalf that they might end up shutting down cause of the size of claims being made.

lubaniskie
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Not could be- is. Some people ain’t gonna get paid. Florida is a victim of it’s own success

zeke
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Ha! We're estimating $67Billion minimum.

reignmkr
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Reinsurance is a complete scam. Essentially home owners will be send claims to some island in the Caribbean and will never see a dime.

meehanasap
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ALL THE INSURANCE COMPANIES ARE WORTHLESS, THEY EITHER LEFT THE STATE OR DECLARED BANKRUPTCY.

emiliachidester
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Despite the economic downturn, I'm happy ☺️. I have been earning $60, 200 returns from my $10, 000 investment every 13 days

charlottecarter