re: #42 Joe Bacon ✅

Looks like the Invisible Hand Of the Free Market is flipping the bird to Florida homeowners…

The operative paragraphs are here:

The Progressive property insurance shakeup primarily impacts what’s called DP3 Home insurance policies, which according to insurance experts, are homes that have older roofs or specific policies covering investment properties.

A total of 53,000 homes affected are in high-risk areas, and the remaining 47,000 are seasonal homes.

I don’t for a second believe that this is something that came as a surprise to these homeowners. I suspect they’ve received one or more letters to the effect of “Yo, your house is a potential deathtrap, address that shit or we’ll drop your policy” and circular filed such in the belief that it was an empty threat.