Florida knew the insurance coverage disaster was coming. Lawmakers waged tradition wars as a substitute. | Commentary [Orlando Sentinel] – Insurance coverage Information Internet
Due to Hurricane Ian,
There’s nothing mankind might do to cease Ian. However there was loads
In reality, this disaster was completely predicted. Watchdogs urged Gov.
You recognize this. Take into consideration what number of tales you examine
That is what occurs once you elect individuals extra fascinated by politicking than governing.
Consultants are predicting the whole lot from rising insurance coverage prices — in a state the place charges are already greater than double the nationwide common — to huge payments for taxpayers. The Sentinel detailed the anticipated fallout in a current piece: “Hurricane Ian: Injury will drive insurance coverage charges even increased, cripple business.”
The default protection by the politicians who let these issues fester appears to be: Now isn’t the time for Monday-morning quarterbacking.
However that’s not what that is. These alarms weren’t set off the Monday after the sport. They had been sounded months in the past. Years in the past.
However lawmakers did subsequent to nothing … and at the moment are appearing shocked.
So both they lacked the competence and braveness to repair the issue. Or they merely didn’t care about the issue — a minimum of as a lot as they cared about culture-warring. Neither choice instills confidence.
Insurance coverage reform is an admittedly complicated drawback.
Many politicians blame rampant insurance coverage fraud for jacking up charges and driving insurers away. So then so crack down on fraud!
Effectively, then if insurance coverage fraud can be a statewide drawback, why hasn’t
As an alternative, DeSantis created a voting-fraud pressure … regardless of an absence of proof of issues in that area. That was a selection.
DeSantis and legislators additionally made a selection once they ignored scores of insurance coverage warnings throughout their legislative session final yr so they may as a substitute froth about
Solely later, in a a lot shorter particular session on insurance coverage, did they pay token consideration to the apparent disaster. Then, they took some meaningful-but-small steps, together with including
There was rather more that would’ve been executed. Other than significantly cracking down on fraud, consultants have pushed for arbitration between owners and insurers earlier than lawsuits are filed. Lawmakers might’ve supported Brandes’ plan to scale back the typical home-owner’s invoice by
However all these issues would’ve taken guts and vitality. It was simpler to kick the can down the highway — a well-liked tactic for a state whose unofficial motto has all the time been: Construct now, cope with penalties later.
Flooding is one other instance. The potential for devastating flooding has lengthy been identified. However owners aren’t required to have flood insurance coverage. Nor are primary home-owner’s insurance policies required to cowl flood harm.
So is it stunning that now, within the hardest-hit counties of
Meaning most householders are out of luck — or taxpayers will bail them out. (We’ll quickly see if the politicians like DeSantis — who stated individuals who determined to take out school loans shouldn’t get taxpayer bailouts — really feel the identical manner about
The underside line: Everybody knew these messes had been coming. The politicians in cost had been negligent. And also you’re going to pay the value.
The query now could be: What are you going to do about it?
What would you do in every other a part of your life? In case your monetary advisor, for example, ignored one warning after one other to safeguard your portfolio after which misplaced the majority of your retirement account, would you merely shrug?
And what if he had the audacity to let you know that Now isn’t the time for Monday-morning quarterbacking — regardless that you’d warned him repeatedly to safeguard your investments?
Solely a idiot would preserve that advisor round.
Effectively, politics and partisanship typically do silly issues to individuals’s brains. However any clear-thinking particular person is aware of the time for excuses on Florida’s insurance coverage disaster isn’t simply over; it ended way back.
©2022 Orlando Sentinel. Go to orlandosentinel.com. Distributed by Tribune Content material Company, LLC.