"thunder" wrote in message
...
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.


Forgot to add. If you think this decision to pull out was not based on a
risk assessment then you indeed do not know anything about the business.

If they were doing
their job correctly, they would be making money regardless of the risk.

Pure hogwash. I guess you don't know anything about the business.

On Thu, 19 May 2005 16:42:19 -0400, JimH wrote:


Huh? An insurance companies job *is* risk assessment.


Forgot to add. If you think this decision to pull out was not based on a
risk assessment then you indeed do not know anything about the business.

If they were doing
their job correctly, they would be making money regardless of the risk.

Pure hogwash. I guess you don't know anything about the business.

Well then, enlighten me. There has always been a risk of hurricanes in
Florida. Insurance companies have always been writing policies in
Florida. If they are not making money, what is the problem? If it's not
improper risk assessment, what is it?

"thunder" wrote in message
...
On Thu, 19 May 2005 16:42:19 -0400, JimH wrote:


Huh? An insurance companies job *is* risk assessment.


Forgot to add. If you think this decision to pull out was not based on a
risk assessment then you indeed do not know anything about the business.

If they were doing
their job correctly, they would be making money regardless of the risk.

Pure hogwash. I guess you don't know anything about the business.

Well then, enlighten me. There has always been a risk of hurricanes in
Florida. Insurance companies have always been writing policies in
Florida. If they are not making money, what is the problem? If it's not
improper risk assessment, what is it?


A soft market, increased property values and a prediction for a bad
hurricane season. ;-)

thunder wrote:
On Thu, 19 May 2005 16:42:19 -0400, JimH wrote:


Huh? An insurance companies job *is* risk assessment.


Forgot to add. If you think this decision to pull out was not
based on a
risk assessment then you indeed do not know anything about the
business.

If they were doing
their job correctly, they would be making money regardless of the
risk.

Pure hogwash. I guess you don't know anything about the business.

Well then, enlighten me. There has always been a risk of hurricanes
in
Florida. Insurance companies have always been writing policies in
Florida. If they are not making money, what is the problem? If it's
not
improper risk assessment, what is it?

It's called population. The old time Floridians had enough sense to
stay back inland somewhat, the newcomers came and built as close to the
beach as they could.