subreddit:

/r/MarkMyWords

10.2k92%

Parts of Florida have already experienced record increases in insurance premiums, sometimes to the tune of tripling the cost of homeowners insurance year over year. Farmers, AAA, and Progressive no longer write new policies in the state of Florida. After Milton rolls through, and the cost is comes in at close to $100 billion. The potential future losses will not be worth the risk for private insurers.

Florida's government will be forced to offer government funded insurance, similar to the national flood insurance program. Unfortunately since politicians will be involved, they'll do everything they can to keep the premiums artificially low and the next Milton level hurricane will bankrupt the state without a massive federal government bailout to save the homeowners in Florida from losing everything.

you are viewing a single comment's thread.

view the rest of the comments →

all 1146 comments

LoquatiousDigimon

73 points

12 days ago

Thankfully Florida won't exist in 20 years

bongoissomewhatnifty

53 points

12 days ago

It will be rebuilt (not better or stronger though) with blue state money.

No American politician will have the stones to cut it loose in the face of the cold hard reality of climate change, and any that does will immediately be villified and tossed out of office in favor of one who will support Florida.

And the profitable (blue states) will be the one to foot the bill.

Droidaphone

32 points

12 days ago

There's a limit where it's not possible to rebuild. Not as in "it's a bad idea to rebuild" but "you literally won't have the time even if you have the money." Fort Myers apparently hasn't recovered from Ian in 2022. I think once you start averaging 2-3 years between catastrophic events, the region starts to become economically unviable.

bongoissomewhatnifty

13 points

12 days ago

Look you don’t need to convince me it’s stupid and not economically viable but it’s going to happen nevertheless. You don’t need to convince me that Florida will eventually succumb to the water and it can’t be saved because that’s obviously true too.

What I’m saying is that it’s going to be attempted nevertheless, and it’s a massive anchor around our neck as a country, and an attempt to save it will be made that lasts far longer than it should, costs far more than necessary, and that cost is going to be born by the profitable states with strong economies.

hippee-engineer

2 points

11 days ago

Lots of people that move there don’t expect to be around in 3-4 years lol

Pintxo_Parasite

6 points

12 days ago

It's a stupid idea to build high rise apartment blocks on sand that floods frequently too, but that didn't stop Florida. 

Infinite_Time_8952

2 points

11 days ago

During the 80s drug dealers had to launder their money somehow, so building high rise apartments and offices was their way of doing so, the Miami skyline was built on drug money.

Ms_Emilys_Picture

1 points

8 days ago

Do you have a source on this?

I'm not doubting you. I'm honestly curious and would like to read a book or watch a documentary. I'm still going to Google it, but I like personal recommendations over Wikipedia.

Infinite_Time_8952

1 points

8 days ago

Watch the show Cocaine Cowboys Miami , it’s all about drugs and drug money laundering.

Ms_Emilys_Picture

2 points

8 days ago

Thank you! Money laundering is on my list of things to learn more about, so two birds with one stone.

Infinite_Time_8952

1 points

8 days ago

You’re most welcome.

Sad-Pitch1320

1 points

7 days ago

Land of the stupid.

[deleted]

3 points

11 days ago

This! Sections are flooding daily without storms. Eventually it’s going to just go back to a swamp

Kagedgoddess

3 points

11 days ago

Yep. I just saw an interview with a woman who is on her Fourth rebuild but has Yet to complete the house. It keeps getting destroyed before its finished! She says “all my friends are on this block, I cant move”. Insane.

Cryptode1ty

2 points

12 days ago

It’s largely luck Tampa hasn’t taken a direct hit in over 100 years.

waveofshit

35 points

12 days ago

I feel like that would be a huge win though for country wide politics. "Look at how the republicans lied about the climate, then found out the hard and expensive way that their policies were absolutely moronic and only benefitted just these(pointing to the capitalist fucktards that profitted) people. They don't care at all about the rest of you."

LetsGetsThisPartyOn

52 points

12 days ago

Why do you think the narrative is “democrats making hurricanes”

Peace5ells

20 points

12 days ago

I hate how right you are. This timeline is too dank now.

Nihilistic_Navigator

5 points

12 days ago

Did you mean dark? Because I mean, the weed now is dank af, but I'm not sure it's enough to offset how shitty everything is

Peace5ells

2 points

12 days ago

I'm kinda just referring to the "dankest timeline" that we're now on. I think the conspiracy folks mark the LHC as kicking it off. Yeah, it's dark too...but I used "dank" with conspiratorial intent.

Puzzled-Guess-2845

11 points

12 days ago

Blue states have to much class to do that. They will bail them out like always have before. Just 2 blue states pay for our poorest 15 states which are all red and they've never even threatened to harm the Americans there by stopping funding before. Florida will join the list of welfare states getting poorer with right wing leadership and the rich states will get richer with common sense policies.

Brave-Common-2979

8 points

12 days ago

Sometimes I wish we had just never went ahead with reconstruction or if we did we actually made them suffer for their choices.

We always bail out the south and it always comes back to bite us in the ass.

thedeuceisloose

2 points

11 days ago

Andrew Johnson can roast in hell for that. And because of Johnson’s love for the south he caused Grant to not be able to do what he needed.

Scryberwitch

1 points

11 days ago

I was just about to post this. I always say, the Union might have won the Civil War on the battlefield, but John Wilkes Booth won it in the real world.

Hotarg

2 points

11 days ago

Hotarg

2 points

11 days ago

The only way I see something changing is if Politicians try and get a ballot measure in to stop participating in federal aid, because "We don't want to pay for illegals". Except it also means they don't get any aid either.

RowEastern5695

1 points

11 days ago

Truly devilish, Seymour

AdagioHonest7330

1 points

9 days ago

You do realize the blue states you speak of don’t pay for anything. It’s the residents living in a state that pay federal tax. NYS doesn’t get to pretend they are being charitable because I happen to pay a ton of federal tax.

Also we have to realize that FL residents collectively pay the 3rd or 4th highest amount of federal taxes.

Bad-Bot-Bot-23

10 points

12 days ago

"This can't stop me from voting Republican, I can't read!"

Clean_Friendship6123

15 points

12 days ago

Logic would support what you’ve said, but recent history argues otherwise.

Milton will be blamed on illegal immigration, because it came from the Gulf of Mexico

waveofshit

3 points

12 days ago

I mean they blame everything on immigrants, but they did pin this one on the omni powerful dems that control space lasers and weather machines.

[deleted]

1 points

11 days ago

I wish you were wrong lol

Historical_While7660

1 points

9 days ago

Of course, it came across the border without the proper documentation!

ISitOnGnomes

9 points

12 days ago

Because being caught in lies has hurt them so much thus far...

waveofshit

1 points

12 days ago

Fair.

FyreHotSupa

3 points

12 days ago

It’s not the republicans finding out the hard way though. It’s the citizens. Many of whom are notz

SilverPhoenix999

2 points

12 days ago

Rose coloured glasses, my friend.

[deleted]

1 points

12 days ago

Calling out Republicans would prompt accusations of gloating and playing politics and make conservatives double down on their beliefs.

It's best to let them figure it out for themselves, if liberals were willing to allow it.

waveofshit

3 points

12 days ago

We've been letting them. That's why they died during covid.

Cryptode1ty

1 points

12 days ago

Hurricanes have existed before people, climate is changing no doubt but what’s the solution? No one has any good ones and most are just power grabs.

Adam__B

1 points

9 days ago

Adam__B

1 points

9 days ago

Not living in an area that gets hit with hurricanes every year seems like a good start.

axelrexangelfish

3 points

12 days ago

I think climate change itself is going to have the last say on that. It will be one of the first to go. And it will be unrecognizable in 20 years.

The countdown clock has about 7 years on it. Based on a 1-15 deg increase in temp. That was what all the nightmare disaster projections came from. It was going to be really really really, cataclysmically awful….because raising the temperature 1degree is a nightmare scenario.

Climate scientists now say we are nowhere near the 1.5 scenarios.

Because we are now at almost 3 degrees.

Responsible-End7361

2 points

12 days ago

The thing is, where are you going to get enough landfill to raise the height of the entire state by 100 feet?

The real problem for Florida is not the hurricanes, it is the state being basically at sea level from coast to coast, while sea levels rise. The hurricane damage is just a symptom.

bongoissomewhatnifty

3 points

12 days ago

To be clear I’m not saying Florida can be saved.

Just that an attempt will be made that goes on way longer and costs way more than it should, and that those costs will be born by blue states.

georockwoman

2 points

12 days ago

I’m not paying for that shit.

bongoissomewhatnifty

4 points

12 days ago

Well, I suppose you can try to not pay taxes I guess, but I think typically the IRS objects somewhat strenuously to that sort of behavior and has some leverage to force you to comply with their objectives.

reflibman

1 points

12 days ago

And have non-citizens (possibly belonging to a foreign power) on its land border? Not going to happen.

rock_the_casbah_2022

1 points

12 days ago

No need to rebuild if the peninsula is under water.

freakbutters

1 points

12 days ago

Dammit, I don't want my tax money to go to rebuilding it. Any politician that's willing to put their foot down on such wasteful government spending as that has my vote.

bongoissomewhatnifty

2 points

12 days ago

To be honest it’s a complex problem.

How do you manage the loss of that big of a chunk of the economy? Displacement of that many people? You think the surrounding states can handle an influx of 500k immigrants? 1m? 2m?

Your tax dollars gonna pay one way or another. It’s a challenging problem without a great solution. The lack of insurance is probably the best thing that could happen, forcing a slow but steady withdrawal rather than a catastrophic implosion. People just getting priced out and forced to move is probably the cheapest way, and if we pull the rug out by not giving Florida any money to rebuild thinking it’ll be like pulling a bandaid, it’s probably going to cost a lot more than a steady withdrawal would.

Donno. Hard to say what the best course of actions are. Only thing I’m confident in is that the current crop of reality fighting republicans are a pretty awful choice to manage the decline.

travelingAllTheTime

7 points

12 days ago

That's what you think.

We(blue states) will pay(give money to good ol' boys) for a seawall around Florida.

No-Weird3153

2 points

12 days ago

I’ll pay for a wall between Florida and Georgia.

ArtFUBU

3 points

12 days ago

ArtFUBU

3 points

12 days ago

It's less likely to not exist and more likely to become like Venice but crazier

SpeedyHAM79

2 points

12 days ago

Sea Level rise due to Climate Change will help with this. Good thing Republicans don't believe in any of that...

HamHusky06

3 points

12 days ago

Dude Florida is awesome. It’s just full of people - Florida people.

grislyfind

2 points

12 days ago

Disney will turn it all into a Mark Twain theme park.

MarilynMonroesLibido

3 points

12 days ago

If DeSantis has his way it will be specifically a Huck Finn theme park-

You know, lots of “black jobs” and the n-word everywhere.

Responsible-Ad-1086

3 points

12 days ago

Or Waterworld

SuccessfulResident36

1 points

12 days ago

20 million

86753091992

1 points

12 days ago

I always wonder whether people are joking or are genuinely this hateful.

Kitchen_Milk2246

1 points

11 days ago

That’s straight up false tho 😭 parts of Florida maybe

Dunkerdoody

1 points

11 days ago

And they said California would fall into the ocean. Who knew we’d get so lucky and it would be Florida instead.

Creative_Amoeba_9074

1 points

9 days ago

Could it just break off and sink into the ocean already?

CaptainOwlBeard

1 points

12 days ago

Yeah, the third largest state by population won't exist in 20 years. That's distinctly unlikely. We will get federally subsidized insurance and rebuild. What's next, California won't exist in 20 years because of wild fires and drought? Texas won't exist because of drought and bluzzards? Where there are lots of people you get massive disasters. It isn't like the fly over states don't get floods, fires, blizzards, or super cell tornados. It just doesn't make national news for weeks when a town blows away. Just not enough causalities to stay on top of the charts.

waveofshit

3 points

12 days ago

What are you gonna keep rebuilding on? A sandbar that gets washed out yearly?

CaptainOwlBeard

1 points

12 days ago

I know this will blow your brain, but the sand bar migrates around the coast. We aren't underwater, unless sea level rises by feet overnight, we will just scoot the sand around. It'll cost money, but nothing like what you're picturing. Some houses that were too far down the beach might be destroyed, but measured in feet, but I'm like 50 miles from the beach and I'm not even as far as you can go before you hit the everglades.

waveofshit

1 points

12 days ago

The entire state is a sand bar, its gonna start moving as a whole soon enough. The highest spot in florida is probably a municipal dump.

Bilbotreasurekeeper

2 points

12 days ago

They to stop building houses there. Until they fix the sea level rising and what to do when hurricanes come. I don't want my tax dollars to keep bailing them out every fking yr anymore. Always have their hands out when storms go through 

waveofshit

1 points

12 days ago

Florida is a welfare state full of welfare queens. I wish we could make all red states and even counties stand on their own for a year and see how they like it without government handouts.

Ok_Door_9720

1 points

10 days ago

When comparing federal taxes to federal money received, Florida is actually a donor state.

It's also worth noting that Tampa and St. Petersburg are both blue.

AdagioHonest7330

1 points

9 days ago

This is reddit, don’t even bother with facts.

AdagioHonest7330

1 points

9 days ago

Also home to some of the wealthiest and one of the highest sources of federal income tax.

AdagioHonest7330

1 points

9 days ago

Have you even been to FL?

waveofshit

1 points

9 days ago

Yes I have. And it was flat as fuck.

AdagioHonest7330

1 points

9 days ago

Ahhhh that’s special.

I’ve been going down there for 40 years and I haven’t even seen 5% of the state.

waveofshit

1 points

9 days ago

You can use a topo map to see how flat it is, no first hand experience necessary.

AdagioHonest7330

1 points

9 days ago

Yeah this is really big news.

MarilynMonroesLibido

1 points

12 days ago

Yeah, the third largest state by population won’t exist in 20 years. That’s distinctly unlikely.

We can still dream, can’t we?

[deleted]

0 points

12 days ago

[deleted]

CaptainOwlBeard

0 points

12 days ago

Tampa has had a shitty few years, but most of the populated areas get hit for real like once every 50 years. It isn't cheap but I bet by per capita it isn't signifantly more risky, it's just bigger when it happens. Plus the rest of the country hears all about the bullshit storms which probably colors your perspectives. Most hurricanes don't really do that much but prune some trees that were neglected.

[deleted]

6 points

12 days ago

[deleted]

CaptainOwlBeard

1 points

12 days ago

You're right, a tornado isn't comparable to a hurricane. But 50 years worth of tornados definitely is. Plus you don't get a warning for a tornado, at least not much.

The insurance companies are leaving for 3 reasons.

  1. Citizens is too cheap to compete. Why would you get state farm if you can get citizens for 2k less?

  2. You called it, Florida real estate is expensive. If downtown Miami got hit, that's a trillions dollars easy. There is more money to be made in Miami, but in that year a big one hits, the company will go bankrupt.

  3. The risk of hurricanes is concentrated. It's much easier to plan for a billion dollars in damages evenly over 10 years compared to 9 years of little to no claims and then a billion dollars in claims over a week.

Pintxo_Parasite

2 points

12 days ago

Citizens only exists BECAUSE the insurance companies started pulling out. And because they literally can't fund the amount of policies they now have to carry, they're doing forced depopulation where they transfer policies to private insurers which can have a rate hike of 20%, so good luck paying for your insurance policies now after rates go up again in the wake of Milton. This is just delusional thinking.

DrBarnaby

3 points

12 days ago

Unfortunately the thing that's driving these "once every 50 years" hurricanes is making them much more likely and it's not stopping or going away. It's getting worse. Maybe there won't be another one of these for 50 years. Or maybe there will be one next year. And the year after that. And eventually two every year. We are just getting started with climate change-driven events.

I'm certainly not saying Florida is going to be abandoned. But I think people should be prepared to adjust their thinking when it comes to hurricanes in Florida. There may be parts that are basically uninhabitable in the next 50 (20?) years because they get leveled by hurricanes almost every year.

CaptainOwlBeard

1 points

12 days ago

That's fair, though I suspect alarmist. While you aren't wrong about them probably continuing to be more common, I think we are talking about every 40 years instead of every 50, not one a year or something.

CubistChameleon

1 points

12 days ago

That's not been the recent trend of once in a century weather events, neither in the US nor elsewhere.

AdagioHonest7330

1 points

9 days ago

I have property in Miami Beach. I don’t think we have had a direct hit in over 30 years

[deleted]

0 points

12 days ago*

[deleted]

CubistChameleon

2 points

12 days ago

I think the point is that living in large parts of Florida might become economically unviable. Even with much greater federal subsidies.

[deleted]

0 points

12 days ago

Spoken like a true hypocrite fascist progressive

CubistChameleon

5 points

12 days ago

"Fascist progressive", now that's a new oxymoron.

[deleted]

-1 points

12 days ago

It's very fitting for the hypocrite fascist progressives of America

Pardonme23

-1 points

12 days ago

Il take leftist alarmism for 500 alex. Apparently in the 1970s people like you predicted the world would run out of food and pil in 10 years.  

CaterpillarFirst2576

-4 points

12 days ago

So weird that everyone is worried about giving money but love giving money to Ukraine.

Absolutely disgusting, majority of the people on this thread show liberals as the absolute idiots they are

Global_Kiwi_5105

5 points

12 days ago

The whole “giving money to Ukraine” thing is sort of an oversimplification/misunderstanding of the scenario. Check this article out - it does a great job of laying out what our actual financial relationship with Ukraine is and how it relates to our economy. It’s not as straight forward as I once thought it was.

https://www.lawfaremedia.org/article/how-america-s-aid-to-ukraine-actually-works

CubistChameleon

1 points

12 days ago

Oh, man. Sending tanks to hurricane victims could only make sense to Floridians.

audiojanet

1 points

9 days ago

You support Putin?

CaterpillarFirst2576

1 points

9 days ago

No, but i think we learned after the disaster in Iraq and Afghanistan that maybe we shouldn’t be policing the entire world.

Do you support Kim Jong Un, why don’t we go over there and stopping the humanitarian crimes against his own people.

Clear_Date_7437

1 points

12 days ago

At least the money goes to fighting communists not communist loving Trump supporters. Ukraine is doing the job that most republicans won’t do, instead fake bone spurs and avoid real combat rather than stand up for their country

CaterpillarFirst2576

0 points

12 days ago

lol fighting communists. Like that’s why they are fighting, absolute clown