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re: La. Homeowners Insurance
Posted on 2/3/23 at 7:28 am to Wtodd
Posted on 2/3/23 at 7:28 am to Wtodd
quote:
either insurance companies offer every type of insurance or they have to leave.
You really don’t get it, do you.
They would, in fact, all leave. Louisiana would end up with no insurance companies writing policies.
Who to blame for our insurance crisis? (1) trial lawyers, (2) geography, i.e., hurricanes and low elevation, (3) mentality of the public that they are owed something. In that order.
3
Posted on 2/3/23 at 7:46 am to Slippy
quote:
They would, in fact, all leave. Louisiana would end up with no insurance companies writing policies.
I say we try it just to see how the trial lawyers freak out.
Posted on 2/3/23 at 7:56 am to Slippy
quote:
You really don’t get it, do you.
They would, in fact, all leave. Louisiana would end up with no insurance companies writing policies.
Exactly. You think insurance companies need Louisiana? A mid sized state based on population and located in area of the country susceptible to Hurricanes?
Posted on 2/3/23 at 9:46 am to Slippy
quote:
(3) mentality of the public that they are owed something
That's a bigger problem than most want to admit. In Oklahoma, we gave possibilities of bad weather albeit much different than Louisiana.
But damned if everytime there's a storm in Louisiana, there are multiple threads on how to scam more chainsaws and generators. Even threads about how to get them, then return them.
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