Insurance is a legal Ponzi Scheme. FORCE insurers to dig into their reserves, and NOT RAISE RATES. @realDonaldTrump
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let me guess..the insurance industry will want a federal bailout so they can pay their CEOs' bonuses
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This has always been the way insurance has worked. Dare to make a claim and your premiums skyrocket or they drop you completely.
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No problem. Insurance will do as always and raise premiums for all.
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Maybe Irma will force Florida to recognize the reality of climate change and plan accordingly.
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I'm sure we'll (Americans) all somehow pay more to make up for this.
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They have been ripping us off for years. In sure they have enough money
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But that would be the dastardly 'socialism'...for corporations.
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Yes i also anticipate the Same , but insurance Shared Going up!!!!, there is Dome bigplayer manipulating here ....
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It may be time for all concerned parties to look long term. Maybe large tax on property rebuilt? No more development in coastal areas?
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Yup. Knew that was going to happen. They cant pay out on Harvey/Irma. Bad ick ahead.
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What have the insurance companies being doing with our annual hurricane funds. Reinsurers most probably credit swapping.
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No fema or fed bailout either !
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Its NYT fake news... carrier reserves are fine.http://www.insurancejournal.com/news/national/2017/09/11/463777.htm …
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Wouldnt want to be a re insurer. They will be hurtin for certain. Thanks for the info,knowlege is power.
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They are well equipped.. re-insurers also buy insurance.. there are many many layers.. they will be fine
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