Friday, August 4, 2023

The Insurance Industry Forces Florida to Face the Reality of Climate Change, Finally

The Perched Eye blog is 14 years old,  from 2009 with President Obama's election. Our focus has been eclectic ...  the styles and directions of American politics and culture, with an occasional comment on the impact of new technologies. Our observations sometimes attract a critical eye, but the 'pen' remains unblunted.

Florida just doesn’t ‘Get it!’…the voice of ‘good business’ sense from the Florida insurance market is finally telling Florida like it is about climate change, by increasingly discontinuing insuring the properties of Floridians who stubbornly stay put in the paths of annual Gulf storms and refuse to move to higher grounds (probably out of south Florida, completely.) 

Climate Change is real, it has been real for a while, and in the name of ‘good business’, insurers should have ‘pulled the plug’ on insuring the annual flooding and storm damage to Florida real estate maybe a decade ago.

IN THE NAME OF ‘GOOD BUSINESS”…and to save Florida homes and business property, Florida’s conservative GOP contingent in Washington should stop denying climate change and encourage government studies and actions to stop or reverse climate change. (Comment to The Washington Post article: “How Florida let a top insurer abandon homeowners in their time of greatest need”, by Brianna Sacks, August 4, 2023)

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