On Thu, 19 May 2005 13:34:48 -0400, JimH wrote:


I do not know if it is true but it would not surprise me. The company
most likely decided that the risk of insuring coastal property outweighed
the benefit. They have the option of deciding not to insure homes and
business in hurricane prone areas. They are a business with a goal of
making money, not losing it.

Huh? An insurance companies job *is* risk assessment. If they were doing
their job correctly, they would be making money regardless of the risk.
If there is no risk, there is no need for insurance. One of the problems
with the insurance industry is they underestimated/disregarded the risk of
hurricanes. Yes, they are in business to make money, but it's not a gift.
If they don't know their business, they deserve to fail.