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> Or an insurance company that went bankrupt? Yes. There were 6 insurance companies that went bankrupt in Florida in 2022. I am surprised you didn't know insur
by daveguy 2y ago
> Or an insurance company that went bankrupt?
Yes. There were 6 insurance companies that went bankrupt in Florida in 2022. I am surprised you didn't know insurance companies go bankrupt all the time due to mismanagement.
https://news.climate.columbia.edu/2022/11/03/with-climate-impacts-growing-insurance-companies-face-big-challenges/ https://news.climate.columbia.edu/2022/11/03/with-climate-im...
Insurance should not be used as a profit source. It is antithetical to the purpose of insurance.
- refurb 2y agoThose are tiny state insurance companies. I was thinking large national ones. Regardless, the Florida examples are eligible for FIGA insurance that covers claims that insolvent insurer can’t.