Hurricane center tracks newly formed Tropical Storm Joyce, 2 other systems on top of Tropical Storm Helene, Hurricane Isaac

[MULTIZ321]

Hurricane center tracks newly formed Tropical Storm Joyce, 2 other systems on top of Tropical
Storm Helene, Hurricane Isaac

Hurricane center tracks newly formed Tropical Storm Joyce, 2 other systems on top of Tropical Storm Helene, Hurricane Isaac

The National Hurricane Center continued to keeps its focus Friday on what had been Category 4 major Hurricane Helene as it moved inland as a tropical storm, but also was keeping tabs on newly forme…

www.orlandosentinel.com

Richard

 

[dannybaker]

So what happens to all these people who have lost everything? Insurance companies have been pulling out of Florida.

 

[dioxide45]

I always find articles about this rather clickbaity. They show some thumbnail of hurricanes that were years ago where there were three or four names storms, lots of orange and red on a map all covering the Caribbean. But when you go and look at the NHC website, there may only be one or two showing out in the Atlantic and only one has the possibility of making landfall n the next week.

 

[Brett]

So what happens to all these people who have lost everything? Insurance companies have been pulling out of Florida.

that's why the Florida government owned insurance company is popular
https://en.wikipedia.org/wiki/Citizens_Property_Insurance_Corporation

 

[simpsontruckdriver]

that's why the Florida government owned insurance company is popular
https://en.wikipedia.org/wiki/Citizens_Property_Insurance_Corporation

Not exactly "popular", more like they are the insurance of last resort. When other insurers won't cover a home, like beach-side, Citizen's will. They are also required to charge more than the average insurer, which is the most expensive insurance in the country due to greed (Florida insurers pocketed the profits instead of putting it away into Reinsurance, aka "money for a rainy day", which meant almost going bankrupt due to weather disasters). With more significant hurricanes due to Climate Change, more insurers will leave or shut down due to them not saving for a rainy day, meaning we may only have expensive Citizen's Insurance in the future.

TS