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. ;-)

"Gene Kearns" wrote in message
...
On Thu, 19 May 2005 15:33:35 GMT, "NOYB" wrote:



Don't know about Allstate, but I heard Nationwide is not writing new
policies for coastal properties.

State Farm wouldn't write a policy on a boat that I had in rack storage
because the address of the facility put it in a coastal flood zone. When
I
moved to the house on the water, State Farm wouldn't write my home either.
Consequently, they lost my home, two boats, an umbrella, personal property
policies, and two cars.

I'm now with Boat US insurance. Interestingly, they didn't ask where the
boat was moored/stored.


After Andrew, Nationwide cancelled coastal boat insurance as far North
as Tidewater VA...

Nobody will underwrite Coastal NC real estate(200 year flood plain),
so the State has created a "reinsurance facility" on par with the one
insuring "poor risk" drivers...

I wish I had options.....

Nationwide covers my flood insurance, but my homeowners is through St.
Johns. I don't know much about the company other than that's what the
Nationwide *agents* are offering waterfront folks around here.

NOYB wrote:

The state insurance commissioner responsible for the ****ty
regulations is
now the US Senator for the blue half of our state.

but I thought you righties were against regulation and larger
government? Oh, I get it, only when it benefits YOU.....

I think that if you are either living in a hurricane prone area knowing
the risks, or just stupid, you should have to live with the
consequences.

Shortwave Sportfishing wrote:

I had personal experience with State Farm insurance about 30 years
ago.

They are not good people and they sure as hell don't have Good Hands.


My uncle never, ever had anyone but State Farm on his house, his boat,
his cars, his farm equipment, a small apartment house in FL, etc. He
always was insured to the max, just the way he was. Then, my cousin
moved into my uncles
house for awhile, and he had, about 2 years prior, had a DUI. Now, he
never, ever drove my uncle's vehicles, etc. But somehow (big
brother-ish) State Farm found out the cousin was living there, and
raised my uncle's insurance two fold. They said that the cousin had
access to my uncle's vehicles. He didn't have any more access to them
than he ever did, which was none.

NOYB wrote:

I'm now with Boat US insurance. Interestingly, they didn't ask where
the
boat was moored/stored.

They didn't? Every company I have been with, including BOAT/US (CNA),
want to know where my boats are kept. Whether in a marina (location of
the marina) or my garage. That would be part of the rating criteria.

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.

"Curtis CCR" wrote in message
oups.com...

NOYB wrote:

I'm now with Boat US insurance. Interestingly, they didn't ask where
the
boat was moored/stored.

They didn't? Every company I have been with, including BOAT/US (CNA),
want to know where my boats are kept. Whether in a marina (location of
the marina) or my garage. That would be part of the rating criteria.

My policy specifically limits the area of use that the insurance is valid
for.

On 20 May 2005 09:11:28 -0700, wrote:


NOYB wrote:

The state insurance commissioner responsible for the ****ty
regulations is
now the US Senator for the blue half of our state.

but I thought you righties were against regulation and larger
government? Oh, I get it, only when it benefits YOU.....

I think that if you are either living in a hurricane prone area knowing
the risks, or just stupid, you should have to live with the
consequences.

I think the subject was insurance, not politics. I can't understand anyone using
State Farm, given the reputation for cancellation at the drop of a hat that
those folks have.
--
John H

"All decisions are the result of binary thinking."

It seems your family has a long line of drug abusers, drinking and driving,
people going awol and growing pot in their back yard.

wrote in message
oups.com...

Shortwave Sportfishing wrote:

I had personal experience with State Farm insurance about 30 years
ago.

They are not good people and they sure as hell don't have Good Hands.


My uncle never, ever had anyone but State Farm on his house, his boat,
his cars, his farm equipment, a small apartment house in FL, etc. He
always was insured to the max, just the way he was. Then, my cousin
moved into my uncles
house for awhile, and he had, about 2 years prior, had a DUI. Now, he
never, ever drove my uncle's vehicles, etc. But somehow (big
brother-ish) State Farm found out the cousin was living there, and
raised my uncle's insurance two fold. They said that the cousin had
access to my uncle's vehicles. He didn't have any more access to them
than he ever did, which was none.