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Interestingly this is already happening in Florida, where repeated hurricane damage and high levels of fraud has led to the exodus of pretty much all national

• pxmpxm 3y ago
  So that one was almost entirely fraud driven - there literally were contractors going around door to door after the hurricane, offering free roofs regardless of damage. My guess is that it's a structural dynamic - something like a hurricane is bound to trip the cat reinsurance thresholds for all the insurance companies, which means they have very little incentive to actually verify claims/monitor fraud, since it's the reinsurers eating that cost.
  • bobthepanda 3y ago
    Insurance fraud is just high in Florida in general. The same can be seen in auto and health.