Will Ian be the Final Straw for Insurers in Florida?

Climate Denial Crock of the Week

Limitless blind greed will insure that Florida communities will build back after Hurricane Ian. And Florida Republicans will be looking for a socialist bailout for their (completely predictable) flood insurance woes.

New York Times:

The scale of the destruction from Hurricane Ian threatens to destabilize Florida’s insurance and real estate markets, as devastated residents file a record number of claims for damaged or destroyed homes.

Privately insured losses from Ian are expectedto reach $67 billion, not including flood insurance, according to an estimate by RMS, a catastrophe modeling firm. That is in line withotherforecastsand puts Ian, which slammed into Florida two weeks ago, close to 2005’s Hurricane Katrina, the most expensive disaster in United States history.

And it’s about twice the toll, in current dollars, of insured losses from Hurricane Andrew in 1992, which had been the most expensive storm ever to hit Florida and…

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