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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Anybody who believes in Climate Change is probably still wearing a mask.

Jun 04, 2021 12:49 PM
Rainmaker
1,703,851
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Not sure that I want to pay attention to the 'sky is falling' kind of predictors. Of course they want to raise prices on consumers.

Jun 04, 2021 12:17 PM
Rainmaker
1,191,713
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I focus on what I can "control" not what I can't.

Jun 04, 2021 11:42 AM
Rainmaker
944,090
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Not yet, I just received the renewal and new policy today so have not looked at them yet...almost afraid to but will be calling him on Monday. I would love to see a return to what Allstate did years ago when they created Allstate Floridian so rates were based on Florida and we did not get hit with across the board increases for all the damage in the rest of the country due to fires, floods, tornadoes, etc.

Jun 04, 2021 12:34 PM
Ambassador
954,722
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Hard to feel bad for an industry that FORCES coverage and relies on subsidies from responsible people and has an $825 BILLION surplus as noted in the article.....they should just keep dimishing that surplus until things balance out.

Jun 04, 2021 04:25 PM
Ambassador
3,010,006
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have not. I did just receive a dividend from State Farm,

Jun 04, 2021 01:42 PM
Rainmaker
1,367,651
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No, I focus on my own industry and livlihood.  If I started worrying about other industries, there are others I'm more concerned with than insurance.

Jun 04, 2021 03:05 PM
Rainmaker
809,467
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The industry will be just fine, they will compensate themselves for the payouts; premiums will be higher. One way to look at this is that the insureres might force homebuilders to build more secure dwellings for their area, e.g. beach front homes will need to be elevated and reinforced properly to withstand a flood or strong storm. I  believed this has happened in Miami and definitely in the New York region after super storm Sandy several years ago. 

Jun 04, 2021 01:27 PM
Rainmaker
875,929
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have a relative who works for an insurance agent in the California Gold Country. He checks out the homes of new home insurance clients as part of the risk assessment regarding that property. Problem is, that insurance company is not writing any new policies! The company feels that it already has enough risk in an area that is more fire prone than other areas. He also tells me that other insurance companies are CANCELING policies of some existing clients, trying to reduce risk.

Jun 05, 2021 07:17 AM
Rainmaker
877,933
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I have a call into him to discuss my homeowner's insurance. The question: do I have enough coverage with the significant increase in building materials?

Jun 05, 2021 12:33 AM
Rainmaker
3,363,931
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Peter Mohylsky. Broker Associate good to know, I will check with my insurance broker for updates. 

Jun 04, 2021 02:23 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt that your insurace broker knows anything of the industry plans on this or anything else.

Jun 05, 2021 06:46 AM
Rainmaker
4,065,184
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Way beyond my circle of influence!

Jun 05, 2021 04:30 AM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

oh pfft.  we're about to be hit with hyper inflation from all directions, what's one more bill going up.

Jun 04, 2021 05:32 PM
Rainmaker
1,096,342
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Every 2 years whether I want to or not Peter.

Jun 05, 2021 07:45 AM